Big dog Pierre Andurand threw

2023-03-22

Big dog Pierre Andurand threw out this red meat on Friday--->

VCrude oil prices could exceed $140 per barrel yet this year if China’s economy fully reopens, hedge fund manager Pierre Andurand said on Friday.

Andurand sees the possibility of crude oil demand growing by more than 4 million barrels per day this year—a 4% increase over last year. This far exceeds crude demand growth set out for 2023 by other oil market forecasters.

“I think oil will go upwards of $140 a barrel once Asia fully reopens, assuming there will be no more lockdowns, Andurand said, adding that the “market is underestimating the scale of the demand boost that it will bring.”$Occidental(OXY)$

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Comments

AricLo
2023-03-23
AricLo
okay thanks for sharing
Khadijah
2023-03-22
Khadijah
warm up comment
DWWM
2023-03-22
DWWM
Ok
CuriousPhD
2023-03-22
CuriousPhD
Nice
snd
2023-03-22
snd
kundos
Jeff Ng
2023-03-22
Jeff Ng
Ok

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