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Oil may hit $150 and a surge could 'definitely escalate an inflation scare,' says Jefferies

CNBC
 2021-12-01

Cover picture for the articleOil prices have the scope to move "a lot higher" from current levels given the world's deep reliance on fossil fuels, says Jefferies' Christopher Wood. Last year, 84% of the world's energy demand was met by fossil fuels, Wood said. That's despite the "political attack" in recent years that has removed...

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Comments / 19

David Harper
12-01

Always bringing " negative " news and remarks to keep people in state of anxiety and fear....control the media and you control the masses!...Communist Manifesto!

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4
Roddeh Steanger
12-02

If oil hits $150 ... every nation's oil production will increase 25% ... the hard to reach oil that costs a lot to get will suddenly make a great big profit... it won't ever go that high so chill out

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3
joe
12-02

It “may”? Hit 150...then again it “may” not... these guys are like weatherman. Can change their minds every 15 minutes

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2

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