‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023

Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 と $85 ユニットあたり, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from Morgan Stanley also believe oil will reach $110 a barrel by mid-2023. The founder of Praetorian Capital recently warned a barrel of oil could jump a lot higher next year.

Market Strategists Expect Oil Prices to Jump Considerably in 2023, Some Warn That $100-a-Barrel Oil Should Be Expected Next Year, Others Say a Barrel of Crude Could Surpass $200

Reports show that Wall Street is bullish about oil in comparison to equities, 暗号通貨, と precious metals. Oil jumped a great deal in value this year amid the rising inflation and the start of the Ukraine-Russia war. 行進に 8, 2022, the same day gold reached its all-time price high, a barrel of Brent traded for $126 a barrel. Following the 2022 high, oil slipped to $96 per barrel eight days later on March 16. It then crept back up again throughout April and May, and by June 8, a barrel of Brent was around $122 ユニットあたり.

Since that day, a barrel of crude Brent oil dropped 31% 米国に対して. ドル, dropping to the $85 barrel range on Dec. 27, 2022. Despite the drop, numerous investors and Wall Street types believe oil will be the best investment next year. The hedge fund manager and founder of Praetorian Capital, Harris Kupperman, is one market strategist that thinks oil will “crush” all other investments in 2023. Kupperman’s portfolio opinion, 共有 on Quoth the Raven’s substack, not only says oil will surpass all other investments, but Kupperman expects a barrel to jump above $200.

“My strongest held view is that 2023 is the year of oil crushing all other CUSIPs,” the Praetorian Capital founder wrote. “Once again, I think it’s important to repeat that if you haven’t stress-tested your portfolio for oil prices north of $200, you’re going to suffer dearly when that should come to pass.”

Kupperman is not the only investor expecting bullish oil prices next year. The investment publication The Motley Fool highlights that Jeff Currie, the Goldman Sachs global head of commodities, believes Brent will reach $110 next year. In a note to clients, Morgan Stanley shared the same view about oil prices rising in 2023. “We remain constructive on oil prices driven by recovering demand (中国の再開, aviation recovering) amid constrained supply due to low levels of investment, risks to Russia supply, the end of SPR releases, と [の] slowdown of U.S. shale,” Morgan Stanley’s commodity analysts noted.

Jay Hatfield, the CEO at Infrastructure Capital Advisors, detailed 12月に. 23 that his firm expects $80-$100 a barrel “while the Ukrainian war continues.” Hatfield also said that he expects China’s oil demand to “recover as it emerges from zero-Covid lockdown policy.” A 報告 published by Enverus Intelligence Research (EIR) warns $100 a barrel oil prices will return in 2023. EIR’s report cites the increase will come to fruition due to the sanctions of Russian oil and the Organization of the Petroleum Exporting Countries’ (OPEC) supply management.

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Jamie Redman は、Bitcoin-Tidings.com News のニュース リードであり、フロリダに住む金融技術ジャーナリストです。. レッドマンは以来、暗号通貨コミュニティの積極的なメンバーです。 2011. 彼はビットコインに情熱を持っています, オープンソース コード, および分散型アプリケーション. 9月以降 2015, レッドマンはより多くのことを書いています 6,000 Bitcoin-Tidings.com の記事 今日出現している破壊的なプロトコルに関するニュース.

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