Article in today's World Oil by way of Bloomberg: "Crude's forward price curve suggests $100 oil (wti) is on the way."
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$100 Oil
Re: $100 Oil
World Oil is well respected.
With OECD oil inventories (crude oil + refined product inventories) are falling by AT LEAST 1.5 million bpd, I don't see why it will stop at $100/bbl. The near term catalyst will be if OPEC+ admits they can't keep up the pace of adding 400,000 bpd month after month.
With OECD oil inventories (crude oil + refined product inventories) are falling by AT LEAST 1.5 million bpd, I don't see why it will stop at $100/bbl. The near term catalyst will be if OPEC+ admits they can't keep up the pace of adding 400,000 bpd month after month.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group