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  • Roger S. Conrad

The View from $60 Plus Oil

By Elliott H. Gue on Mar. 12, 2021

For months now we’ve held a constructive outlook for crude oil prices and energy stocks that’s based on three primary drivers. First, there’s an ongoing recovery in global oil demand from last year’s economic lockdowns and travel restrictions that we expect to accelerate as coronavirus vaccines are rolled out more widely in 2021. Second, the OPEC+ cartel, led by Saudi Arabia, is determined to restrict supply and support prices until demand has a chance to recover later this year.

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    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor