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Friday, December 17, 2021 12:32:33 PM
Oil prices are spiraling higher globally:
- Yesterday, a tweet from Goldman documented Biden’s tapping of the SPR. “A Biden SPR release is now fully priced in and will send oil price even higher in 2022.” It adds: “If such a release is confirmed and manages to keep oil prices depressed in the context of low trading activity into year-end, it would create clear upside risks…”
- Last evening, oil prices remained high in mixed results. WTI Crude settled at $78.61 per barrel and Brent Crude closed at $82.27, according to oilprice.com. Is $120 per barrel coming soon?
- AGYP stock rose 1.33% last evening to $0.3040 in light volume of 135,747. It continues to rise as energy remains in short supply.
- Oil and gas prices globally are spiraling out of control. Bank of America predicts oil will hit $120 per barrel skyrocketing by next summer. Bloomberg quotes The Daily Mail reporting BOA’s Francisco Blanch, analyst, as predicting $120 barrel prices by summer 2022. It has already reached seven year highs.
https://topnewsguide.com/2021/12/15/allied-energy-corp-otcmktsagyp-strikes-oil-exploring-for-more/
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