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Oil and Gas– I think an inflection point has been reached: oil could hit $200 and here is why

By Peter Brailey | Wednesday 17 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I commented recently how I saw the oil and gas price having positive movement upwards in the near term. Since then, a few things have changed, but that does not include the oil price, which is still around the $82’ish level. I think an inflection point of pricing has now been reached however, it is not so much a case of fill your boots, as much as batten down the hatches. Two things happened yesterday that have moved my view on oil and gas.

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