Andurand: Oil prices could exceed $140 if China’s economy fully reopens

OilPrice.com/Julianne Geiger/1-6-2023

“Andurand’s forecast goes against the trend that crude oil prices set so far this year. During the first week of the year, crude oil prices tumbled by 9% in the first two trading days in what was the worst start to a year since 1991.”

USAGOLD note: Oil would not be the only commodity to be energized should the Chinese economy kick into gear. At the same time, a sudden surge in commodity prices could wreak havoc with the Fed’s 2023 inflation modeling (with repercussions in financial markets).