The price of crude oil is currently $72.28. Accordingly it's expected to reach $77.81 USD/BBL by the end of the quarter (March 2024). Furthermore it's estimated to trade at $82.04 in 12 months.
The idea of $95 per barrel is a very good price to take profit.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
