$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning
By Julianne Geiger - Feb 16, 2021, 11:00 AM CST Join Our Community
Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.
Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.
And when they refer to this rise, they’re talking $80, or even $100 per barrel.
Others, like oil analyst Arjun Murti who correctly predicted the last $100+ per barrel achievement seen between 2008 and 2014, say that talk of this next supercycle may be a bit hasty.
For Malek, he sees a situation where demand outstrips supply, before “we don’t need it in the years to come.”
I am happy as long as it keep momentum at 14 sen, then slowly by month end 16 sen, then by March 18 sen, by end of March 20++ sen....I will be very glad and thankful if the momentum is well kept....
Up slowly, as long as it continue to up, better than one day show and pull back to square one...
Just my thought and wish...I hope oil rally and this stock starting to reward royal believers...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Godofgambler
5,307 posts
Posted by Godofgambler > 2021-02-16 22:51 | Report Abuse
0.32? Wow.... Billion...billion...