Crude to $100: Trader makes the case for a spike in oil prices

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    • #410642
      RCW2020
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      • Total Posts: 685

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      <h1 id=”title-holder”>Crude to $100: Trader makes the case for a spike in oil prices</h1>

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      <time dir=”ltr”>Published Sat, Mar 13 20211:19 PM EST</time>
      VIDEO04:17
      Energy tracks for its best quarter ever — What two traders are watching

      Crude oil prices are on a path to highs not seen since 2014, according to one chart analyst.

      As the energy sector tracks for its best quarter on record with a year-to-date gain of nearly 40%, there’s “clearly some upside” for oil prices as well, Piper Sandler’s Craig Johnson told CNBC’s “Trading Nation” on Friday.

      U.S. West Texas Intermediate crude prices slid half of 1% to around $65.60 a barrel on Friday.

      “I could actually see a number that could be north of 100 in the next, say, six to … 12 months from here,” said Johnson, his firm’s senior technical research analyst.

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    • #410652
      mrdmk
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      • Total Posts: 3,589

      And a barrel oil is only $65.00.

      Now look over here, the California Governor is going to be recalled.

      If you cannot dazzle them with brilliance, baffle them with bullshit WC Fields

      Warning DO NOT CLICK HERE!
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