A Shale Comeback Could Be On The Cards In 2022

WTI and Brent proved how closely tied oil prices are  to perceptions about the economic recovery over the last couple of weeks. For a time breaking down as much as 20% from their respective highs over the last month, WTI and Brent both bottomed Wednesday, Dec 1st. News that the Omicron variant might not be as lethal as the still dominant Delta version, breathed new life into oil futures and thus far sparking a 10% rebound. As usual, shares find downward momentum easier than the reverse, so we are still clawing back gains made earlier in the…