RE: Javier Blas 136.2k followers26 Nov 2021 14:28
Hey Heid what were you saying last night rhetorical of course it was this......"Oil now @ 82.69$ per barrel. Oh yeah"
Now read this from the premier oil news outlet is the U.S.A the EIA.
" Since the third quarter of 2020, global consumption of crude oil and petroleum products has increased faster than production, which has caused lower inventory levels and higher crude oil prices. In our November Short-Term Energy Outlook (STEO), we forecast that rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022 to 66$ per barrel".
Not that that will affect UJO of course, whose output is shall we say, of no significance whatever.