Crude Oil hits $90 for the first time in over 7 years, will it go higher? I personally believe Crude Oil will reach $100.
I’m heavily involved in the Oil market, I’ve been bullish since last year. I’ve been telling my friends in my diskord, /CL will reach $100 and the Energy sector will be the leading performing sector in 2022, just as it was also last year.
There are many reasons why I see Crude Oil hitting $100 this year:
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OPEC members are currently struggling to meet current monthly targets and lack the capacity to expand output levels even further.
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Oil supplies are looking tighter than many had anticipated, while demand is increasing.
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High global Inflation
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Russia’s conflict with Ukraine
What’s your price prediction on Crude Oil?
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