Blog: Brent could push past US$150/bbl if Russian oil exports shrink, BofA says

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2 comment(s). Last comment by Tobby 2022-05-28 16:30

calvintaneng

55,056 posts

Posted by calvintaneng > 2022-05-28 16:16 | Report Abuse

if Brent pushes past Usd150

biodisel refineries in USA will scramble for soybean to produce biodisel

soyoil will then rise from 80 sen a lb to USD1.00 per lb

Cpo by proxy will also rise in tandem to Rm9,000 - Rm10,000 range as well


palm oil bull run will turn very hot into Superbull

the world we live in is interconnected

Tobby

7,397 posts

Posted by Tobby > 2022-05-28 16:30 | Report Abuse

Yeah, but offshore rigs will be back in business as well! After 2 year, we see glut of crude oil! The same cycle over and over again!

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