Crude Oil Prices Could Reach $125 a Barrel. Here’s Why.

1 month ago 18

Updated Nov. 29, 2021 8:35 americium ET / Original Nov. 29, 2021 7:34 americium ET

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Fears surrounding the new, heavy mutated coronavirus variant called Omicron slammed capitalist sentiment connected Black Friday. While stocks suffered—and the Dow Jones Industrial Average had its worst time of the year—it was crude markets that were the hardest hit.

The Omicron quality sent a shuddering chill done the nerves of lipid traders, raising the specter of a renewed halt connected planetary question and a shriveling up of worldwide request for crude. After all, these factors contributed to a terms warfare betwixt Russia and Saudi Arabia at...

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