Oil prices to rise for the short term


With Putin’s back against the wall, economically, he has no choice but to strike. If he is unsuccessful in stemming the drop in oil prices by trying to create trouble for Saudi Arabia, it could cause the eventual collapse of his government, which would still cause a jump in prices that may just take a while longer. Expect a temporary climb for the next 1-3 months (or, at least a pause in the drop) as we wait for the region to become more stable. Regardless, anything is possible, of course.


About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
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