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$SPY $CDEV $OAS $OXY $WLL I've been keeping a close eye on news reports regarding the Delta variant in China. Not much has been coming out the past few days. As of Thursday the authorities their were claiming that the variant had spread to 18 provinces but only infected 533 people. China does not include asymptomatic cases in their numbers. I think the true amount of cases in China is much higher. Others countries that were successful against previous strains, such as Vietnam and Thailand, have had their numbers skyrocket. The transmissibility of Delta is such that each infected person spreads the virus to 8-9 people versus 2 with the original strain. I suspect over the coming weeks China will also be experiencing caseloads in the thousands and will impose strict lockdown measures and mobility restrictions to combat this. I expect this will result in a buying opportunity in oil related stocks.

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