the relationship between brent and oil. this indicates that an energy crisis combined with the 98% probability of a recession for 2023 would lead to decade lows on the ratio. DJI is predicted to touch 19000 during 2023. Oil is expected to spike and touch / hold $120 bbl.
- USA need to replenish strategic oil reserves (around 400M bbl to restore highs)
- EU need to diversify from gas, and shifting to oil usage to tie over whilst green energy options come online
- USA need to replenish strategic oil reserves (around 400M bbl to restore highs)
- EU need to diversify from gas, and shifting to oil usage to tie over whilst green energy options come online
Comment:
i meant to write DOW vs BRENT CRUDE OIL sorry. heading and text.