Shockingly, WTI oil prices have stayed right around $40/barrel (with little to no volatility) for the last 4-6 weeks. Why Oil Remains Stuck At $40 https://oilprice.com/Energy/Oil-Prices/Why-Oil-Remains-Stuck-At-40.html Oil Price Pattern Sees Rising Selling Pressure http://www.energyintel.com/pages/eig_article.aspx?DocId=1079616&_branch_match_id=768000486040842861 This is extremely rare for the oil market considering the amount of paper oil futures contracts being 5x the amount of physical barrels of oil. So what is the oil price's next move? Is the probability of a move up much higher in the oil price or another correction or crash down in the oil price higher? A lot of where oil prices go next could depend on what happens to oil demand and demand for gasoline and jet fuel. Will demand return to 2019 levels by the end of 2020 or early 2021 or will demand falter as politicians and bureaucrats force continued closures of economies? Articles on Oil & Gasoline Demand: 1) U.S. Demand For Gasoline Is Still Well Below Its Pre-Covid-19 Levels https://www.forbes.com/sites/jimcollins/2020/07/15/us-demand-for-gasoline-is-still-well-below-its-pre-covid-19-levels 2) Shell CEO: Don’t Expect V-Shaped Oil Demand Recovery https://oilprice.com/Latest-Energy-News/World-News/Shell-CEO-Dont-Expect-V-Shaped-Oil-Demand-Recovery.html 3) Rystad’s New Oil Demand Scenario Banks On Second Wave COVID-19 https://oilprice.com/Latest-Energy-News/World-News/Rystads-New-Oil-Demand-Scenario-Banks-On-Second-Wave-COVID-19.html Monitor US gasoline demand here for free: https://www.gasbuddy.com/go/blog Articles on recent oil industry bankruptcies: 1) Oil firm BJ Services files for Chapter 11 bankruptcy https://mobile.reuters.com/article/amp/idUSKCN24L0HN 2) Another Permian Oil Producer Files For Bankruptcy https://oilprice.com/Latest-Energy-News/World-News/Another-Permian-Oil-Producer-Files-For-Bankruptcy.html Hedgeye interview with hedge fund manager Michael Taylor on COVID-19: The Big Potential Trades Ahead: https://youtu.be/uZuJTp6ZuJ8 Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 86 5 star iTunes reviews and we need to get to our goal of over 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**