Francisco Blanch, Head of Global Commodity and Derivatives Research at Bank of America, discusses the oil markets and where prices are likely to go from here. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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8 Comments
Institutional Speculators and short sellers are manipulating Energy Prices upward using derivatives contracts while their cronies like CNBS shill for them and their narratives. This reminds me of that recording of the Enron Traders who joked about grandma's in California couldn't afford heat anymore.
the world’s 60 largest private banks have provided more than $5.5 trillion in financing to the fossil fuel industry since 2016
Two points: Russia can go on the war longer and IPC in USA will go back to increase more.
The situation seems tough and probably the price may go up to 100. Just a prediction and a point of view.
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services sector
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