In my view, as long as the Russia-Ukraine conflict persists and there are no clear signs of a de-escalation, then the price of oil will remainhigh. Noted on the recession fears that could drive down oil price but consumers are still spending, passengers are still flying and the covid situation looks better as China starts to open up.
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.
- MortimerDodd·2022-06-27What a good post, I learned a lot.1Report
- Discoverable·2022-06-27Plus one1Report
- JC888·2022-06-27Assuming war ends soon do u think sanctions against Russian oil will be removed? No! If so, then in short term (1, 2 years) oil price will not fall. There is only so much oil China n India can absorb.LikeReport
- CoolFox·2022-07-02不管有没有制裁（每个人都看到了制裁有多有效……讽刺的方式），石油和加兹的价格都将居高不下……。对于俄罗斯的不友好国家。LikeReport
- lauracky·2022-06-26okLikeReport