Crude Oil: Supply, Fed, Ukraine Offensive to Fuel Rally Above $90?

From Investing.com: 2024-03-20 06:34:00

WTI crude oil is expected to rise in Q1 2024 due to geopolitical tensions, Chinese economic rebound, and OPEC+ supply cuts, with buyers aiming for $94 per barrel.
Ukraine’s offensive on Russian oil infrastructure, Middle East conflicts, and IEA’s higher demand forecasts add to oil price volatility.
IEA projects increased crude oil demand in 2024, influenced by China’s recovery, US growth, and OPEC+ decisions, with production cuts expected to continue.
WTI crude oil prices target $90 per barrel, with potential for $94-95 range, supported by bullish factors.
Invest with AI-powered ProPicks tool at home for big fund-like returns, with six strategies including “Tech Titans” for stock selection. Get 10% off with code INWESTUJPRO1 on InvestingPro subscriptions.



Read more at Investing.com: Crude Oil: Supply, Fed, Ukraine Offensive to Fuel Rally Above $90?