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Crude Oil Forecast: WTI Continues Unstoppable Growth
Concerns about limited supply from Russia are growing, as the Biden administration plans to impose additional sanctions on the country’s crude exports before Trump takes office on January 20. At the same time, Trump's incoming administration is expected to implement a similar strategy with Iran, introducing new restrictions that could reduce oil supply by an average of 1 million barrels per day, representing approximately 1% of global daily supply. Additionally, extreme winter weather conditions could also disrupt global oil supply. Along the U.S. Gulf Coast, concerns are growing over potential power outages caused ... (full story)
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- Posted: Jan 10, 2025 1:20pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 116
