Oil could stay above $100 for the rest of 2022 — here are 3 ways to try to make money if that happens

  • Date: 05-May-2022
  • Source: Yahoo News
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Oil could stay above $100 for the rest of 2022 — here are 3 ways to try to make money if that happens

The world is in the midst of an acute energy crisis.

The fact that a barrel of crude oil traded below $0 in early 2020 is now a distant memory. Brent crude and West Texas Intermediate are both comfortably above $100.

There's a chance oil could stay above $100 for the rest of 2022 due to three things: Demand, supply, and production.