This video just released by CNBC emphasizes how oil supply in the US is growing and this could torpedo oil prices.  However, with a worldwide embargo on Iranian oil (US sanction waivers on Iranian oil end on May 2, 2019), the price could rocket to $80.  Please click on the link below to watch the video:

https://www.cnbc.com/2019/04/22/energy-prices-up-on-reported-end-to-sanctions-waiver-for-iranian-oil.html

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