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2024/06/17

Where Oil Prices Are Headed Next

WD Highly Engaged Send: EAC From 6/13/24
Wealth Daily

Where Oil Prices Are Headed Next

Are oil prices today in the right spot?

Last week I told you that the market was wrong. The sharp selling took place after OPEC+ announced that it might start phasing out production cuts as early as October 2024 depending on market conditions. 

Wall Street took that as a signal to run straight for the exits as WTI prices fell below $73 per barrel. In case you're wondering, that's what panic looks like, and it didn't take long for prices to rally back to near $80 per barrel. 

For us, it was an easy buying opportunity to spot, and now the question that should be on everyone's mind is: Where's it headed next? 

Well, this week has turned me even more bullish down the back stretch of 2024.

Here's why…

>>> Read the full article here.

 

 

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