{"id":15889,"date":"2022-12-27T17:42:11","date_gmt":"2022-12-27T17:42:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/oil-prices-north-of-200-per-barrel-investor-expects-oil-to-crush-every-investment-in-2023-economics-bitcoin-news\/"},"modified":"2022-12-27T17:42:11","modified_gmt":"2022-12-27T17:42:11","slug":"oil-prices-north-of-200-per-barrel-investor-expects-oil-to-crush-every-investment-in-2023-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/oil-prices-north-of-200-per-barrel-investor-expects-oil-to-crush-every-investment-in-2023-economics-bitcoin-news\/","title":{"rendered":"‘Oil Prices North of $200’ per Barrel \u2014 Investor Expects Oil to ‘Crush’ Every Investment in 2023 \u2013 Economics Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from Morgan Stanley also believe oil will reach $110 a barrel by mid-2023. The founder of Praetorian Capital recently warned a barrel of oil could jump a lot higher next year.<\/strong><\/p>\n

Market Strategists Expect Oil Prices to Jump Considerably in 2023, Some Warn That $100-a-Barrel Oil Should Be Expected Next Year, Others Say a Barrel of Crude Could Surpass $200<\/h2>\n

Reports show that Wall Street is bullish about oil in comparison to equities, cryptocurrencies<\/a>, and precious metals<\/a>. Oil jumped a great deal in value this year amid the rising inflation and the start of the Ukraine-Russia war. On March 8, 2022, the same day gold reached its all-time price high, a barrel of Brent traded for $126 a barrel. Following the 2022 high, oil slipped to $96 per barrel eight days later on March 16. It then crept back up again throughout April and May, and by June 8, a barrel of Brent was around $122 per unit.<\/p>\n

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Since that day, a barrel of crude Brent oil dropped 31% against the U.S. dollar, dropping to the $85 barrel range on Dec. 27, 2022. Despite the drop, numerous investors and Wall Street types believe oil will be the best investment next year. The hedge fund manager and founder of Praetorian Capital, Harris Kupperman, is one market strategist that thinks oil will \u201ccrush\u201d all other investments in 2023. Kupperman\u2019s portfolio opinion, shared<\/a> on Quoth the Raven\u2019s substack, not only says oil will surpass all other investments, but Kupperman expects a barrel to jump above $200.<\/p>\n

\u201cMy strongest held view is that 2023 is the year of oil crushing all other CUSIPs,\u201d the Praetorian Capital founder wrote. \u201cOnce again, I think it\u2019s important to repeat that if you haven\u2019t stress-tested your portfolio for oil prices north of $200, you\u2019re going to suffer dearly when that should come to pass.\u201d<\/p>\n

Kupperman is not the only investor expecting bullish oil prices next year. The investment publication The Motley Fool highlights<\/a> that Jeff Currie, the Goldman Sachs global head of commodities, believes Brent will reach $110 next year. In a note to clients, Morgan Stanley shared the same view about oil prices rising in 2023. \u201cWe remain constructive on oil prices driven by recovering demand (China reopening, aviation recovering) amid constrained supply due to low levels of investment, risks to Russia supply, the end of SPR releases, and [the] slowdown of U.S. shale,\u201d Morgan Stanley\u2019s commodity analysts noted.<\/p>\n

Jay Hatfield, the CEO at Infrastructure Capital Advisors, detailed<\/a> on Dec. 23 that his firm expects $80-$100 a barrel \u201cwhile the Ukrainian war continues.\u201d Hatfield also said that he expects China\u2019s oil demand to \u201crecover as it emerges from zero-Covid lockdown policy.\u201d A report<\/a> published by Enverus Intelligence Research (EIR) warns $100 a barrel oil prices will return in 2023. EIR\u2019s report cites the increase will come to fruition due to the sanctions of Russian oil and the Organization of the Petroleum Exporting Countries\u2019 (OPEC) supply management.<\/p>\n

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$100<\/a>, 200<\/a>, Barrels of Oil<\/a>, Covid lockdowns China<\/a>, crude prices<\/a>, economics<\/a>, Enverus Intelligence Research (EIR)<\/a>, Goldman Sachs<\/a>, Harris Kupperman<\/a>, hedge fund<\/a>, Infrastructure Capital Advisors<\/a>, Investor<\/a>, Jay Hatfield<\/a>, Jeff Currie<\/a>, macroeconomics<\/a>, morgan stanley<\/a>, OIL<\/a>, oil predictions<\/a>, oil prices<\/a>, oil prices next year<\/a>, Oil value<\/a>, opec<\/a>, Praetorian Capital founder<\/a>, Predictions<\/a>, Ukraine-Russia war<\/a>, US Dollar<\/a>, Wall Street<\/a><\/div>\n<\/div>\n

What do you think about the oil price predictions for 2023? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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