Selasa, 15 April 2025

The Time to Buy Oil Is Right NOW

Wealth Daily

The Time to Buy Oil Is Right NOW

I was wrong about oil… almost.

I believed — and still do, by the way — that oil would never fall below $50 per barrel. It wasn’t a particularly bold position, either; it still isn’t. 

So you can imagine the fear and anxiety that had built up as WTI prices, which had been desperately trying to find support above $70 per barrel less than two weeks ago, suddenly plummeted. 

That unease grew further as oil prices fell. We watched as oil dropped $10 per barrel within 48 hours, and then it happened — WTI prices sank below $60 per barrel, hitting a low of $55.12 per barrel last week. 

But there was only one thing running through my mind the moment as crude prices tumbled so low: We’re going to make a killing buying oil at this level. 

Here’s why…

>>> Read the full article here.

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