Oil Continues to Weaken

By -

Although I have a new habit of flipping off every gas station I pass, now that my family's vehicle fleet is 100% electric (with the addition of my beautiful new Tesla S), I still take note of the prices, which are once again approaching $5 per gallon.

I suppose this must be the result of California's insane taxes, refinery inefficiencies, and shameless profiteering, because crude oil isn't exactly soaring. USO, the ETF for oil, is a tough chart to read, but it looks increasingly vulnerable to much greater weakness.

0304-uso

Mark This Post as a Favorite
Do NOT follow this link or you will be banned from the site!