According to NYMEX.COM:
Watching my previous prediction of $95 to suddenly materialize infront of me is scary……The future is going to be more uncertain.The only pattern I see now is panic buying and selling, investors doing under due influences of greed and fear. Every rebound is higher then the previous record.
What I can predict is a sudden drop in oil prices temporarily to profit taking to as low as $78 to $80 then another huge spike above unseen levels of above $100.
The factors might be demand/supply, geopolitical, supply disruption, war, fed rates cuts, collapse of stocks or many unknown factors such as panic buying and selling.
The consequences will be hyper inflation and civil unrest.
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