OTCPK:MDMP - Post by User
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AveragePennyon Oct 07, 2021 12:56pm
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MDM PERMIAN POSITIONS FOR FORCASTED STRENGTH IN ENERGY PRICI
MDM PERMIAN POSITIONS FOR FORCASTED STRENGTH IN ENERGY PRICIGoldman Sachs analysts raised their year-end Brent crude forecast to $90 a barrel from $80, also raising their West Texas Intermediate crude price to $87 a barrel form $77 a barrel. Oil prices surged to a threeyear high early on Monday as fears mounted over global energy shortages. China’s own power shortages have come into focus as production at some factories, including some Apple and Tesla suppliers, has been halted. It also faces a potential crisis with growing power shortages that could hit more factories, homes, and the supply chains. India has been dipping into their strategic oil reserves in an unprecedented attempt to try to lower crude oil prices as energy cost surges across their region.
https://www.otcmarkets.com/otcapi/company/dns/news/document/53599/content