It's no secret that Wall Street folks are anticipating a big jump in oil prices.
With the current war situation, both sides targeting each other's oil facilities, it’s bound to drive prices up.
For those on Wall Street, it's all about numbers and profits. But for many, it’s a different story, and we all get that.
The world runs on profit; nothing else seems to matter. Just think about how high real estate prices are, and even decent hotels can set you back a grand per night, and that’s not even the posh ones.
And then there’s the food, plus those high-priced Manhattan apartments with views over Central Park, and let’s not forget about school fees for the kids. The only way to keep up with that lifestyle is to push some assets or commodities into a full bull run.
They've already sent gold into a bull run to cash in, and now they’re aiming to pump oil too. This way, the Fed can lower rates to buy high-priced oil.
Oil contract holders are in it for the money, and they’ll manipulate supply to make it happen. That explains the whole narrative around those Russian oil ships attacking.
Markets don’t just move on their own; you need to create events to move them and make a profit.
So yeah, living the normal life is pricey, and all ways to sustain that lifestyle are fair game.
Wall Street is buzzing about a surge in oil prices
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They are probably right about it. The US is about to attack Iran and Russia is in war with Ukraine/NATO. Actually it is kind if weird that we are seeing these low prices for oil. It should have been $200 a barrel by now. Instead it is ~$65 usd nowadays which is way way cheaper than it should. Gold is breaking records, silver and copper are going crazy, stocks are boomin, btc is at its ATH
And oil? It is brely $65. Something aint right here. If I were a degen futures trader, I would definitely long OIL at the moment. Instead I am big in energy stawks. Theyll print. Wait and see