Will We Soon See US Crude Oil Back At $100 A Barrel?

Photo by Zbynek Burival on Unsplash

It is hard to fathom that the price of Oil was in tatters just over 1 year ago. Oil futures prices went negative for the first time (the cost of holding oil was greater than owning it) and the price of WTI (West Texas Intermediate) Crude Oil hit an all-time low of $6.50 on the 21st April 2020. Since then, the WTI Oil price has increased by over 1,000% to $76 a barrel. The current price level was…