Friday, June 30, 2023

Recurring Theme On The Blog: No Evidence Of Any Supply Shortfall Near Term -- June 30, 2023

Locator: 44849OIL. 

Link here.

WTI: gained 1.2%; up 83 cents; trading at $70.69. A long way from $80, much less $100. For investing, my buy point:

  • WTI "surges" through $75
  • fundamentals suggest possible upside at $100-WTI within six months.

From Bloomberg today:

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