Oil prices (CL=F, BZ=F) have surged to their highest levels in over a year, with analysts suggesting the potential for oil to reach $100 per barrel is coming soon. This price action follows extensive production cuts from both Saudi Arabia and Russia, occurring in lockstep with the U.S. presidential election coming in 2024. The Energy Word Founder Dan Dicker remains skeptical of oil's proposed heights, citing 'technical headwinds' in the energy market. Dicker believes the market is overbought and due for a period of trading that will prevent oil from reaching that $100-per-barrel mark. 'Fundamentally, oil is as strong as it was when I spoke to you in the height of the summertime when oil was $68 a barrel,' Dicker tells Yahoo Finance, adding: 'But now that it's approaching $92, $93, $94, it seems to be way ahead of itself in terms of the cycle and where it's supposed to be. I do see $100 oil coming, but it's way ahead of itself.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Not laughed Today? These wedding photos Will Make You LaughWASHINGTON -Dianne Feinstein, a long-serving Democratic U.S. senator from California and gun control advocate who spearheaded the first federal assault weapons ban and documented the CIA's torture of foreign terrorism suspects, has died at 90. Feinstein's office said she died Thursday night at her Washington home.
At least, that was the plan before Rep. Matt Gaetz blew up a House GOP conference meeting to instead demand an answer to his No. 1 question: Is Speaker Kevin McCarthy paying people to troll me on the internet?Conservative influencers have been seen attempting to promote their nREUTERS/Maxim ShemetovThe Kremlin is fuming about Armenia’s efforts to join the International Criminal Court , which has issued an arrest warrant against Vladimir Putin in connection with alleged war crimes in Ukraine.
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