Historical records show sweet Crude Oil has reached levels as high as $140 per barrel before the war in Ukraine complementing a strong potential for upside and the highest possibility of retesting those levels as supply stuffers globally.
The US government has tried to implement a solution to the shortage of oil announcing the release of oil from their reserves equivalent to an estimated $1 million barrels of oil par day since the order to stop and freeze supply of oil from Russia.
Fear may have ruled the commodity market in the beginning, we sure that the release of oil only postponed the inevitable. It's time to realize we may get this one last chance at a cheaper price and that we may no longer go down to $99 a barrel anymore thus if we do get to go back down to $99 this is when a solution has been developed and a sufficient supply has been established this may take some time.
Nobody was ready for what is going on in this conditions we adopt and will have to believe that the most impossible is now possible as a major exchange of wealth is now in process.
I doubled my trading account in literally 2 weeks buying crude it may take some time to go back down again based on the conditions of exportation and what economies suffering over in Europe and the war at large.
