Allied Energy Corp (AGYP)

[PatrickTrader]

Due to this tightening global oil supply, experts at the Bank of America have predicted a 43% increase in oil prices.

Meanwhile, US crude oil production is still struggling to recover from the pandemic’s effects as OPEC producers continue their gradual increase in oil production. In light of this, the BOA forecast includes expectations that the price per barrel of oil will reach $100 over the next few months.

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