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$100 Oil

Posted: Fri Oct 22, 2021 5:43 am
by mkarpoff
Article in today's World Oil by way of Bloomberg: "Crude's forward price curve suggests $100 oil (wti) is on the way."
FYI, worldoil.com sends out a daily newsletter with lots of good stuff; free, of course.

Re: $100 Oil

Posted: Fri Oct 22, 2021 7:58 am
by dan_s
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.