RE: Oil Glut or not....10 Jan 2026 15:19
In such cases I listen to Goldman Sachs. They have the best analysts in the world. How can I predict the oil price better than them? They also don't have a crystal ball in their lair, but they have a better knopwledge about the oil market than me as a hobby investor. They say that we have an oil glut this year, so the price of brent might go as low as 56$. That's not good for me as I own tons of oil stocks, but that's reality. For 2028 the price me go up to 80$, so we just have to wait (and collect hefty dividends).