“U.S. crude prices crack $81 as oil supply deficit forecast for 2024”
March 19, 2024
“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024.
The West Texas Intermediate contract for April rose $1.54 , or 1.93%, to settle at $81.26 a barrel. The Brent contract for May added $1.39, or 1.65%, to settle at $85.42 a barrel…”
https://www.cnbc.com/2024/03/14/crude-oil-prices-today.html
Maybe it’s time for me to start trading oil stocks again. They’re basically telling us the price is going to rise over the year. At least that’s how i interpret this article.