RE: Working Really Really Hard23 Feb 2022 23:18
FWIW - I charted a $108 target for Brent last Spring so I think there's another ten bucks or so to come - ultimately, the worse the economic numbers get (and US Q1 GDP is suggested to be a flat 0% rise) the higher oil needs to go to keep the inflation up so let's see what nonsense comes out of Ukraine - if that doesn't do the job they'll do a Tonkin in the Strait of Hormuz if necessary.