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Traders Are Betting On $100 Oil Following Texas Freeze – OilPrice.com

Analysts are rushing to readjust their oil price forecasts for 2021 and 2022, and open interest in $100 strike oil futures has spiked since the Texas freeze

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Oil prices extended Thursdays losses…
OPEC and its allies could…
Middle Eastern national oil companies…
By ZeroHedge – Feb 24, 2021, 1:00 PM CSTAmid all the issues ignited in the Texas turmoil, and as oil prices roar to post-COVID highs, analysts across the energy space appear to be outdoing each other with their bullish forecasts.
Source: Bloomberg
Brent Crude prices could hit $70 a barrel in the second quarter…

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