There are asymmetrical upside drivers for oil prices by the end of the year, according to RBC Capital Markets, which is long oil with WTI call options for June 2023 at $120 a barrel. The increased sanctions against Russia with the EU embargo on Russian crude oil imports by sea are set to drive oil higher, Michael Tran, managing director of Global Energy Strategy at RBC Capital Markets, told BNN Bloomberg.
Volatility and choppy trading in crude oil futures are expected to continue, but investors should play the long game and give themselves…Oil Analyst: Prices Will Climb Over The Next 9 Months
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