$100-$150 Oil...Just A Matter Of Time

By Candy Matheson of Strawberry Blonde's Market Summary

Blogger & Retired Russell 2000 E-mini Futures Day Trader • Nov 7, 2022 at 4:42 PM EST

No doubt, the price of WTI Crude Oil will skyrocket to $100, or higher...along with inflation to give Fed Chairman Powell heartburn, it's just a matter of time.

Wait until President Biden stops tapping the US Strategic Petroleum Reserve (now at its lowest level since 1984)...a pre-election gimmick/stunt that will, likely, backfire and have major national security implications/consequences, at some point...possibly, sooner than we think.

No doubt, the price of WTI Crude Oil (CL) will skyrocket to $100, or higher...along with inflation to give Fed Chairman Powell heartburn ("Biden's scapegoat," as he's increasingly being labelled in various news outlets)...it's just a matter of time.

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