Oil Prices on a Rollercoaster Ride
Oh it's like watching a rollercoaster but instead of going up and down oil prices are just sliding downwards. U.S. crude oil down 3% for the week while Brent is falling about 4%. Maybe I should start streaming about oil prices could be more unpredictable than my League of Legends games!
Memorial Day Travel Woes
Ah the joys of the Memorial Day travel weekend! Nothing says 'fun' like looking at falling energy prices before hitting the road. I can already picture the gas station price signs going down faster than my HP in a Fortnite battle.
UBS Predicts Brent to Soar
UBS is feeling optimistic predicting Brent to rise to $91 per barrel in the upcoming months. That's more uplifting news than when I win a round of Among Us and manage to convince everyone I'm not the imposter!
Fears of a War Subside
With fears of a wider war in the Middle East easing oil prices are just chilling in their $3 range. It's almost as if the oil market is playing a game of 'hide and seek' but instead of hiding it's just seeking to stay in place. Relatable right?
Traders' Jitters
Traders are nervous about the global oil inventories piling up after a mild winter. It's like when I see a pile of dishes in the sink and just hope they magically disappear. Spoiler alert: they don't!
A Positive Outlook
Despite the uncertainties UBS believes there's a deficit in the oil market and sees healthy demand growth ahead. Well that's more optimism than when I try to convince my chat that I'm actually good at Valorant!
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