Oil remains near $76 and benefits all parties, Anas Alhajji notes

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57 min ago

Oil remains near $76 and benefits all parties, Anas Alhajji notes — Oil at $76 seen as optimal price

Anas Alhajji, managing partner, energy economist, market analyst at Energy Outlook Advisors LLC, highlights that oil prices are currently at $76 and argues that remaining in the low $70s would benefit producers, consumers, and shippers alike.

He further contends that concerns about inflation are misplaced within the oil industry.

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Alhajji previously pointed out that Cushing crude inventories have been rising even as WTI prices remain low. He has also examined the impact of TSMC’s expanded U.S. investment from $40 billion to $65 billion. These observations add further data points to his coverage of supply and pricing trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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