With this current WAR happening and EU not receiving enough gas. And russia partnering up with middle eastern countries not to sell to EU or USA.
Taking all of this information into account, I believe that Oil prices will RISE as there are many protests around Europe because of high cost.
Let's see where the world will go, but one thing for sure chaos is coming therefor crisis is coming meaning that OIL prices will rise since during the winter in Europe, GAS will be needed to heat millions of homes. Also European countries have calculated that they should be able to survive the winter with their GAS reserves but they didn't take in to count on how much electricity would the immigrants from Ukraine use.
I am bullish on that the price of OIL will rise and everyone and their mother should invest! But not everyone will be able to, since people don't have enough money to even heat their homes.
Taking all of this information into account, I believe that Oil prices will RISE as there are many protests around Europe because of high cost.
Let's see where the world will go, but one thing for sure chaos is coming therefor crisis is coming meaning that OIL prices will rise since during the winter in Europe, GAS will be needed to heat millions of homes. Also European countries have calculated that they should be able to survive the winter with their GAS reserves but they didn't take in to count on how much electricity would the immigrants from Ukraine use.
I am bullish on that the price of OIL will rise and everyone and their mother should invest! But not everyone will be able to, since people don't have enough money to even heat their homes.