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Was $99 The Peak For Oil Prices?

Started by forex4you, Feb 24, 2022, 04:45 am

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Was $99 The Peak For Oil Prices?

Following the escalation in the -e crisis, oil prices surged within striking distance of $100 a barrel early on Tuesday, when Brent hit $99.50 before retreating to the $97 mark.   The already priced-in geopolitical risk premium is probably more than $10 per barrel, analysts say, and most of them believe it's just a matter of when--not if--oil hits the triple-digit threshold.  Although the e premium is a large part of the current rally towards $100 oil, there are several bullish fundamentals that...

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