Hexun Investment Advisor Wei Yugen: Oil Prices Experience a Sharp V-Shaped Rebound

Crude oil saw a deep V-shaped rebound, only to plunge again, and that 5% sinkhole has already been pulled back—this time it has once again regained a level above $100 per barrel. What is the situation right now? Has it reversed again? What should we do tomorrow? Will tech stocks possibly fall sharply again? Will oil and gas rise again?

According to He Xun Investment Advisor Wei Yugen, I just saw a forecast from the U.S. Department of the Treasury stating that in the long run, the price of crude oil may remain at or above $100 per barrel for a long time. In fact, no matter whether this conflict can end soon or not, the damage to energy and energy-related infrastructure in the Middle East is extremely serious, and within the next one or two years it will be very difficult to return to the previous level. So will crude oil prices truly stay at a relatively high level for a long time?

(Editor: Wang Gang HF004)

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