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Crude Oil WTI Futures - May 24 (CLK4)

Real-time derived
Currency in USD
Disclaimer
83.25
+0.52(+0.63%)
Closed

Crude Oil WTI Futures Discussion Forum

Normal fair price for Crude oil is between 50-70 . If 120 is the max price during war then the mid term value is under 100 . (Also 87 after a little cease fire )
which institution do you trade for? because I'm pretty sure a retail trader cannot know the "fair price" of any commodity. if you're referring to costs of productions then the parameters are outdated because it no longer costs what it did to produce and export oil. add to that the sanctions imposed, even once war ends will Russia want to deal with the EU again and the same can be said for the EU... then supply concerns will govern price as a huge supplier Russia will only be dealing with Asian markets - is it therefore a surprise that Asia are super bullish on oil and gas? $120 is not the max, purely an estimate as to where price could be reached, but with all the unrest do not discount a retest of the ATH
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