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The oil market is running. We see the WTI hitting $78 while Brent is over $81. This is a consistent run up over the past year.
In this video I discuss how the supply/demand equation is such that oil rpices have no choice but to head higher. However, this is also a situation where, in the fact of economic headwinds, we could be looking at another factor that ends up causing a major economic pullback.
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