It’s at $102 now, (WTI is what most are talking about when we say price) not seeing $120 over here but Indeed! You were right! I underestimated the short term likelihood we’d see $100 break. I thought we’d stay in nineties after spending most the last year in sixties. Will be interesting watching this thing recalculate after the conflict. Personally seems like this is an attack on China that was planned to extreme by US. Very interesting times we live in no doubt! And I underestimated the possibility of $100 so fast. I suspect we will be far lower a year from now though. We shall see, but I believe this is a short term spike that settles down within a couple months.
I think it’s an overreaction but doesn’t change where it is for now. You called it!
