Good morning TV Fam -
WTI is headed to ~$180/bbl over the next 90-100 days, and is one of the most bullish trade setups I have ever seen (based on the long term pricing history of any stock/commodity).
$180/bbl translates to approximately $6.50-$7/gal for unleaded (outside of California).
This is also equivalent to approximately $8-9/gal for Diesel.
The latter is going to become 2/3 of the landed cost of all items in the world which is another added layer of the already inflated pricing in global supply chains.
WTI is headed to ~$180/bbl over the next 90-100 days, and is one of the most bullish trade setups I have ever seen (based on the long term pricing history of any stock/commodity).
$180/bbl translates to approximately $6.50-$7/gal for unleaded (outside of California).
This is also equivalent to approximately $8-9/gal for Diesel.
The latter is going to become 2/3 of the landed cost of all items in the world which is another added layer of the already inflated pricing in global supply chains.