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Oil prices could jump to an all-time high of $200 per barrel by the end of this year, as oil producers ranging from African members of OPEC+ to the U.S. shale patch will struggle to replace Russian crude
Commodities trader Pierre Andurand sees a path for crude oil to get to $200 by the end of the year as historically tight markets struggle to ramp up production and replace lost supply from Russia.
Commodities trader Pierre Andurand sees a path for crude oil to get to $200 by the end of the year.
Bank of Russia expanded its gold reserves almost sixfold since the mid-2000s.
(Bloomberg) -- Russia spent years building a giant stash of gold, an asset that central banks can turn to during a crisis. But any attempt to sell it will now be a challenge just when it’s needed most.