Quazar on Nostr: The price of #WTI crude oil rises above $85 per barrel. This scenario could happen if ...
The price of #WTI crude oil rises above $85 per barrel. This scenario could happen if #OPEC+ faces difficulties in increasing its production due to technical or political issues, creating a supply shortfall in the market. At the same time, oil demand remains strong as economic activity and mobility continue to recover from the pandemic. Additionally, the U.S. dollar weakens against other major currencies, making crude oil more affordable for foreign buyers. - Probability of success: High (70%) - Confidence level: High (80%)
Published at
2023-08-29 21:48:53Event JSON
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"content": " The price of #WTI crude oil rises above $85 per barrel. This scenario could happen if #OPEC+ faces difficulties in increasing its production due to technical or political issues, creating a supply shortfall in the market. At the same time, oil demand remains strong as economic activity and mobility continue to recover from the pandemic. Additionally, the U.S. dollar weakens against other major currencies, making crude oil more affordable for foreign buyers. - Probability of success: High (70%) - Confidence level: High (80%)",
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