Brent Crude Dipped Below $100. Don't Bet on It Staying There. [Globe and Mail, The (Toronto, Canada)]
Chevron Corporation (CVX)
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Source: Globe and Mail, The
There are conflicting reports about how close the two sides are to a peace deal. Oil companies will likely benefit from higher prices even if there is a deal. Brent crude oil, the global oil market benchmark price, has dipped below $100 a barrel in recent trading. That's well under its war-fueled peak of $119.50 a barrel the day Iran attacked oil infrastructure across the Persian Gulf, inflicting damage against key liquefied natural gas facilities in Qatar. However, while crude prices have dipped, I wouldn't bet on them staying where they are. Here's why and what that means for oil stocks Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. The calm before the potential storm Oil prices have fallen from their highs due to the de-escalation in the Middle East from dual ceasefires
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