Markets Insider/Harry Robertson/6-7-2022
“Goldman Sachs economists have predicted oil prices will surge to $140 a barrel this summer, with a drop in Russian production and a gradual recovery in Chinese demand adding to the pressure on already low supplies. But they said consumers will feel as though oil has hit $160 a barrel, because a lack of capacity at refineries…”
USAGOLD note: Just in time for the summer driving season ……
Cartoon courtesy of MichaelPRamirez.com
