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BREAKING: Crude oil prices surge toward $94 and are now trading at their highest levels since August 2022.
Oil prices are up 38% in just 3 months and the national average gas price is about to cross $4.00.
Furthermore, oil prices are now 35% ABOVE where the US wanted to refill…
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The Kobeissi Letter
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BREAKING: Crude oil prices surge toward $94 and are now trading at their highest levels since August 2022.
Oil prices are up 38% in just 3 months and the national average gas price is about to cross $4.00.
Furthermore, oil prices are now 35% ABOVE where the US wanted to refill the Strategic Petroleum Reserves (SPR).
Inventories in US reserves remain at their lowest levels since 1983.
If the US attempts to refill reserves now, we will see oil prices skyrocket.
What does the US do now as gas prices soar?
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