Tricked by the analyst’s Oil headlines

On Sept 19-20, 2023, many traded the ‘headlines’ when….

Brent Crude Oil was trading at $95.

Then analysts started calling for Brent to reach $100.

Brent is now trading at $85.

It’s fun to observe the crowded, consensus and marginal opportunities and then perhaps consider the antithesis.

November 2, 2023

by Rob Zdravevski

rob@karriasset.com.au