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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Saturday, April 20, 2024

Oil Could go to 120 USD


It all depends on Israel's counter offensive.

Investors and analysts seem to be underestimating the probability of a disproportional Israeli counter response to Iran's recent attack, in Wolfteam Ltd.'s view.

Israel was hurt and surprisingly so by the Hamas' initial encounter and answered very actively. A severe attack on Iran could evoke a harsh embargo on Iran oil's produce, close the Hormuz straight and disrupt Middle East and Africa's oil and other commodities shipments.

All these possible events are not improbable and could drive oil's price to 120 USD both Brent and West Texas Intermediate oil prices, according to Wolfteam Ltd.'s projections and estimates.

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