🛒 Get The Hottest Crypto Deals 👉 https://www.coinbureau.com/deals/
📲 Insider Info in our Socials 👉 https://www.coinbureau.com/socials/
🔥 TOP Crypto TIPS In our Newsletter 👉 https://www.coinbureau.com/newsletters/
~~~~~
📺 Essential Videos 📺
Oil Prices Moves Closer to $100 a Barrel on Shrinking Stockpiles 👉 https://www.youtube.com/watch?v=RuJzOeCkjjU
Activist Investor Dell Says Oil Will Pass $100 👉 https://www.youtube.com/watch?v=puMJFuBiNl8
Why Oil Could Reach $100 a Barrel 👉 https://www.youtube.com/watch?v=nPMa0XuoLdo
Saudi Pushed the Oil price Too High 👉 https://www.youtube.com/watch?v=1uu4xYqV7TA
~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► Price of Brent Crude Oil: https://tradingeconomics.com/commodity/brent-crude-oil
► Lowest Crude Oil Prices During the Pandemic: https://www.statista.com/statistics/466293/lowest-crude-oil-prices-due-to-covid-19/
► Saudi Arabia and Russia Cut Oil Production: https://www.reuters.com/business/energy/saudi-arabia-continue-voluntary-cut-one-million-bpd-2023-10-04/
► Oil Prices Fall, Defying Suggestions of a $100 Barrel: https://www.economist.com/finance-and-economics/2023/10/03/oil-prices-fall-defying-suggestions-of-a-100-barrel
► Goldman Sachs Still Feels Oil Could Reach $100 Barrel By The End of the Year: https://www.cnbc.com/video/2023/10/05/heres-why-goldman-sachs-expects-oil-prices-to-reach-100-a-barrel-by-next-spring.html
~~~~~
– TIMESTAMPS –
0:00 Intro
0:58 Context
2:49 What Affects The Price
4:42 Recent Price Shifts
6:29 Impact Of Inflation
8:34 Future
11:37 Outro
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#oil #news #finance #economy
30 Comments
Hope you guys liked that video! Don’t forget to follow us on our socials for all the content that you are missing here 👉 https://www.coinbureau.com/socials/ You also have to check out our deals page for some of the best discounts, promos and bonuses of up to $40k 👉 https://www.coinbureau.com/deals/
Well put together as always Guy. I think another key factor folks need to consider is how harsh the winter will be. Countries will pay whatever price is necessary to keep their citizens from freezing to death. We were fortunate to have a mild winter last year globally but getting that kind of winter 2 years in a row is unlikely. Oil producers know this, so if the winter creates an extreme demand for oil, best believe they are going to take advantage of that and raise those prices mightily.
Funny this war starts right after Saudi Arabia was accepted in the BRICS eh? Which means Saudi Arabia will now sell their first to China in Russia, with oayments in their iwn currencues, not the US dollar? Surely a coincidence, not at all an attempt to invade oil-rich and strategically-located Iran…
Don’t worry, uncle Joe says to buy and electric car and everything will be just fine!
Already fixed a 1 year energy deal with e.on next 2 weeks ago.
Biden declaring war on oil will make oil more powerful than any other sector. Whoever inherits the next presidency will be forced to replenish the SPR and that's AFTER Opecs crazy cuts in production. This is barring any winter storms, closing of the hormuz straight, or a suspension in Saudi and middle east oil sales to Europe/US. You can't time the bottom or top but oil is in the but range imo
petrol prices go up at the known seasons where its used the most summer time because everyone goes on holiday winter time because people want to keep warm energy prices have now become a giant con mans game its all a game to them they dont care about the familys they destroy with there high criminal prices look at UK electric energy prices 54 billion in profit but yet were paying some of highest prices in the entire world .
why release this on a day when Oil is down 3% lmao. Fail
Just as the Arabs said they were reducing
I think that regardless of the price of a barrel of oil the rich will continue to get richer & the poor will continue to get poorer.!
Yall need to stop using so much fuel.
The good Guy Of Crypto
Guy you should come live in America for a bit 😊😊
Were the largest producer with record production theres no excuse for high gas prices
The fact that people think international travel for a little holiday should be the affordab.e norm for everybody, as well as other frivolous reasons, has always been a ridiculous expectation and waste of energy and resources, given the way it is accomplished energy-waste-wise. People think the planet is an infinite resource for them to utilise at their convenience, and an infinite garbage can for them to dispose of their unnecessary consumer waste into.
It's a good thing that even if the price has dropped, traders may still benefit, especially with the aid of AltSignals, which provides excellent signals and will soon offer AI-powered trading tools.
The price of gasoline has risen due to INFLATION and, not so much, the price of oil. Back in June 2008, a barrel of oil hit $140 and our gasoline was around $1.37 CAD/L in Vancouver, Canada. Currently a barrel of oil is $83 and gasoline is almost $2.00/L! Nearly half the price of oil and yet the cost of gasoline is way higher. It is a SCAM!
Especially considering the high quality of coin bureau videos, they 100% have the right to add promos during the meat of the video but it really does lower the value for me and I don’t see somebody being more likely to use their promo codes having seen the promotion in the middle (abruptly sprung on them) and the end as opposed to just at the end…
Seen the size of Jaffa cakes these days? More like karge buttons. Bigger boxes, federata Gramsh of everything across the board from cat food to chocolate bars!
Funny it’s already like that here in Türkiye. You’re late to the party.
Oil prices are being artificially kept around current levels by OPEC+ controlling most of the supply. They can't get much higher than they are now for any significant amount of time without causing reduced demand (either because of economic decline it will cause or because alternative energy gets relatively cheaper). And reduced demand is not in the interest of OPEC+ members. Oil is less important now than it used to be because 1) it takes an ever smaller share of global energy supply 2) more countries are producing it.
The dollar is about to collapse! Repent and believe the gospel! Jesus is your only hope of salvation as this world falls apart!
Keep up good work ! Small correction on 5:08 1.3 million (not billion) / day
But would high oil price help agenda 2030 / 2050 ?
You got storytel sound🙏 tnx god you back Guy🥰🙏
For those of you who are interested in a non ESG etf, DRLL is an energy ETF that only invest in non ESG oil stocks.
We don't have to imagine, it's already here.
Stop wasting oil with illegal war. Everything would be cheaper.
Thanks again, for being so diligent and working so hard to keep people updated and helping those who refuse to see what's really going on. Your explanations are so educated and eloquently put! Always backed by irrefutable facts. You and your crew are just awesome! Your words are very appreciated.
I think bull market will pump gaming industry so much and I believe playzap $PZP. Can go 100x many youtubers told I want to invest can you tell me something about it