HOUSTON, Sept 14 (Reuters) - Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising U.S. crude inventories. Brent crude rose $1.82, or 1.98%, to settle at $93.70, after touching $93.89, its highest since November 2022. U.S. West Texas Intermediate crude (WTI) gained $1.64, or 1.85%, to $90.16, closing above $90 for the first time since November.
https://www.youtube.com/watch?v=JAb_PI9yjaA at "5:20" technical analysis by a Chinese speaking youtuber ... if you understand chinese then watch it , if not , translation :- basically he thinks "very-slow" has a great chance to PECUT liao !!!!
Road to 30cts++ "" SIMPLY WALL.st Analysis "" - Current position VELE far below Fair Value about 43%++ - Earning and forecast to grow 36%++ - Became profitable this year - No risks detected "" TA SECURITIES " - Upgrade the Target price for VELE to 33cts
I know you guy's frustration. I feel the same way but what to do, stock market doesn't react to our feelings. Just hold for few more months till 3rd qtr or until end of the year. I strongly believed we will reap the benefit...sabar.
Goldman Sachs raised crude oil price usd100 barrel end of the year. The interesting part is JP Morgan give target usd 150 in year 2026. It simply mean that oil price will gradually go up 2024,2025 and 2026...and also mean that oil price will stay elevated above 100usd for 3 consecutive years. Higher DCR rate for 3 years, maybe above usd100...great news. They might change their opinions but as for now this what their statement.
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