I think in long term we will have USOIL tank to $60 levels or lower.
1) Ukraine and Russia war will end. 2) More dollars will flow back into the stocks, Forex, and crypto markets. 3) More OIL will be produced here in the US and we will not go back to foreign countries. 4) Gold prices will drop because the war is heading to an end. 5) Expecting a nice drop by December 2022 timeframe.
Extremely optimistic... 👌 BUT, You've just killed the oil traders' dream of 150+ $ flight! 😎
MatrixBits
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@Viktor-Klimov, Anything is possible but I think it's going to hit a snag.
UnknownUnicorn4430035
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@MatrixBits, what exactly do you think is a snag? High prices? Low prices? Personally, I am against the rise in oil prices, especially such a strong rise in prices, unlike the sellers of real oil - they are satisfied with the current high prices and they do not care about the problems of ordinary consumers... So I completely agree with your expectations about the end of this year. But the probability of earlier stabilization of oil prices is high. 👌