Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil may reach $ 100 ... at this date

    Rocky
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    • Post n°1

    Oil may reach $ 100 ... at this date Empty Oil may reach $ 100 ... at this date

    Post by Rocky Thu 18 Feb 2021, 1:07 pm


    Oil may reach $ 100 ... at this date

    15:32 - 02/18/2021


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    Information / follow-up.
    Two of the largest banks on Wall Street in the United States expected a rise in oil prices during the coming period, according to the American "Financial Times" newspaper.
    The source stated that both "JP Morgan Chase" and "Goldman Sachs" expect oil prices to rise significantly when the Corona epidemic recedes.
    He explained that the most optimistic expectations indicate a return of international crude oil prices to $ 100 a barrel, a level that has not been reached since 2014.
    The expected rise is based on the belief that the fiscal stimulus will boost consumption, along with the beginning of a return to normalcy.
    This would change the conditions in the oil sector, which recorded record losses last year due to the repercussions of the Corona virus.
    "We can see oil exceed $ 100 a barrel, or even more," Christian Malek, head of oil and gas at JP Morgan, said in a conference call last week.
    For his part, Geoffrey Curry, a veteran analyst at Goldman Sachs, said he believes oil is trading in the $ 80 range or higher this year.
    He continued, "The launch of financial incentives targeting the middle and lower classes will boost consumption of basic commodities ... This category does not drive electric cars, they drive regular cars."
    Since the end of October, Brent crude, the international benchmark, has risen by more than two-thirds to $ 63 a barrel, driven by optimism left by the global vaccination campaign and production cuts. Ended / 25 h

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