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America Braces For $380 Oil

03 Jul 2022 | Abstracted from 247WallStr

"JP Morgan energy analysts recently reported that crude could reach $380 a barrel. This would be triggered by a sharp curtailment of Russian exports. And, in turn, this would be caused by the friction between the West and Russia over the war in Ukraine.

"Oil prices at $380 would push gas prices above $10 a gallon, and perhaps toward $15. The U.S. economy could not take the shock..."



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