RE: $6,000,000 Monday?21 May 2022 16:42
There is one obstacle standing in Brent oil's way .
It’s previous high.
If you think all of the things that could of hurt Brent like China shutdowns hasn't , SPR release . If Oil price makes a fresh high, which I say it will, it will be hard to stop it. We could easily go higher to $$140-150 by the summer. Then you will see panic an a self feeding loop that goes on an on. ( A bit like me. Ha !)
As you say TheAimCasino 'That's a minimum of $13,000,000 by the end of the year '
Nothing tells me that the demand for energy is gonna stop. There is certainly not the supply there.
Oh David, David. £ 00,000,000 your calculator is gonna be very 'noughty' indeed.