I want to point out the below reasons that might lead to a 200/b oil:
Projected to average 553/B in 2021, according to the U.S. Energy Information Administration's (EIA) Oil prices started strong this year at 664/B in January The demand for oil has dropped because of the coronavirus pandemic A democratic government which will probably legalize new measures to fight climate change EIA estimates global oil increase by 5.6 million b/d in 2021 and 3.3 million b/d in 2022
By 2050 EIA forecast Brent oil prices of 105/b. Carbon taxes have ,which most probably will increase under a Biden administration, as a way to stop climate change and raise more awareness. Without shadow of a doubt they would raise oil prices too high, imposing a regressive tax on the poor. Will update on more incoming information
Nota
100 today,wait for when the war to begin and this thing will shoot to 200$ thank me later
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.