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Wealthion’s Best Of 2024: Chris Vermeulen

Wealthion - Be Financially Resilient

INSIGHT

Oil Price Prediction

  • Chris Vermeulen predicts oil prices could drop to $40-$45 per barrel.
  • He sees the current pause in oil price as a halfway point in a larger downward trend.
  • This bearish outlook is based on chart patterns and historical price levels.
  • A major exception to this prediction would be escalating conflict in the Middle East, which could drive oil prices significantly higher.
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