Patrick Karim: Crude oil could reach $350 in long-term outlook

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Crude oil long-term $350 price target

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Andrey Mastykin

14 hours ago

Patrick Karim: Crude oil could reach $350 in long-term outlook — Crude oil long-term $350 price target

Patrick Karim, technical analyst at Technical Traders Ltd, suggests that $350 remains a plausible long-term price target for crude oil.

He emphasizes that the key uncertainty is timing, not the possibility of reaching this level.

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Karim has previously set a long-term price target of over $400 per barrel for crude oil in a recent market outlook. He also warned about the risk of higher borrowing costs in a forecast on mortgage rates. Both views reflect his cautious approach regarding elevated price levels across different markets.

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