RE:Potential Oil Prices?
retiredcf wrote: China re-opening will increase oil prices $5-$7 per barrel by next summer: Andrew Lipow
Andrew Lipow, president of Lipow Oil Associates, joins BNN Bloomberg to discuss the effect of China's reopening plans on oil markets, recent temporary drops in American production due to a winter storm and his outlook for the energy sector in 2023.
https://www.bnnbloomberg.ca/video/china-re-opening-will-increase-oil-prices-5-7-per-barrel-by-next-summer-andrew-lipow~2591705
Don't listen to these analysts.... if he tells 7 dollar rise by summer, the chances are that we will see 20 dollars rise within a month. The logic here is that none of the analysts knows what is going to happen exactly..... US's restriction on Chinese travellers may be another attempt to pull on the oil price hike.... Indirectly US is not accepting China to open before they fill back the SPR.