2025-02-27 16:59
IndustryThe reason I'm betting on an increase in oil price
Due to concerns over slowing economic growth and reduced demand driven by trade tensions, oil prices have slightly dropped to around $69.
However, I still believe that oil prices will rise by 2025, and my initial forecast that prices will not fall below the break-even point of around $65 remains valid.
I think prices could rise to $75~$80 in the short term, and if they break above the $87 resistance level, my initial forecast of a potential rise to $97 still holds.
'Furthermore, if black swan events like a global economic crisis or another pandemic were to occur, I believe oil prices could soar to $200.'
Like 0
chunghoon oh
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
The reason I'm betting on an increase in oil price
| 2025-02-27 16:59Due to concerns over slowing economic growth and reduced demand driven by trade tensions, oil prices have slightly dropped to around $69.
However, I still believe that oil prices will rise by 2025, and my initial forecast that prices will not fall below the break-even point of around $65 remains valid.
I think prices could rise to $75~$80 in the short term, and if they break above the $87 resistance level, my initial forecast of a potential rise to $97 still holds.
'Furthermore, if black swan events like a global economic crisis or another pandemic were to occur, I believe oil prices could soar to $200.'
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.