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Crude Oil WTI Futures - Jun 24 (CLM4)

Real-time capital.com
Currency in USD
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79.05
-0.21(-0.26%)
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Crude Oil WTI Futures Discussions

russian news, it doesnt matter russia is basically pushed out the global energy market there are big supplies and venezuela can always enter to help
to be honest this type of move was already in tge cards. This strategicly placed news is just acting as the catalyst. IMO
If we look to the demand this price is way to ahead of itself. imo a fair price + inflation pricing should be around 63$ above 70$ to high in the past we needed a drone attack on aramco to push above 70$ makes no sense and weekly inventories show it we have since november 32Mb build in usa alone, imagine how big it is around the globe
all of this is wrong, inflation is here to stay. Oil 70 - 100 makes sense. I dont know what else to tell you. Its only going to get more expensive as they TRY to phase more of it out over the next 10-20 years
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