A BIG DAY for Oil Prices - June 21

[dan_s]

June 21 Closing Prices
> WTI prompt month (JUL 21) was up $2.02 on the day, to settle at $73.66/Bbl.
WTI posts its largest daily gain in four weeks.
> NG prompt month (JUL 21) was down $0.024 on the day, to settle at $3.191/MMBtu.

The Wall Street Gang is like a bunch of sheep. The leaders of the "Herd" are now all saying that WTI could go to $100/bbl.

Bank of America believes we can see $100/bbl oil next year
Jun. 21, 2021 12:36 PM
The energy sector is leading the markets higher today with a 3.2% gain roughly doubling the advance of the S&P 500. Helping naturally are rising oil prices, up another 3% today to $73.28 per barrel - the highest in more than 30 months.
Bank of America thinks oil can see $100 next year. Per a Reuters report: "We believe that the robust global oil demand recovery will outpace supply growth over the next 18 months, further draining inventories and setting the stage for higher oil prices."