Do you think that today's results bode well for an increase in oil prices?
This is strictly an opinion but no I dont expect much of an increase above the current price. There could always be some kind of unforeseen geo-political event that could push oil higher (or much lower) but barring that I think prices in the low to mid-fifty range for WTI crude is the new normal.
Domestic demand for gas & diesel fuels is still lagging supply.
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