Oil Prices Set for an Extended Run — Here’s How to Play It

Oil prices have been somewhat volatile since the end of the pandemic... Oil prices have been somewhat volatile since the end of the pandemic...                                                                                                      [Wealth Daily] Jason Simpkins / Mar 26, 2024 Oil Prices Set for an Extended Run — Here’s How to Play It Oil prices have been somewhat volatile since the end of the pandemic. But that’s not necessarily a bad thing. It creates a lot of trade opportunities for investors who can snag shares on downturns and then cash out at the peaks. I’ve been doing it for decades, and these past few years have been especially profitable. Better still, it looks like now is a great buying opportunity, as oil prices appear poised to climb for the remainder of the year. Take a look… WTI crude has been trading between $72 and $78 per barrel (roughly) ever since it topped out at $89 per barrel last September. However, OPEC production cuts, geopolitical risk factors, and stronger-than-expected economic growth have paved the way for a rebound. WTI is now back slightly above $80 per share — 20% higher than where it was just two months ago. And the aforementioned factors could further fuel the rally. The same is true for Brent crude. It’s already up 12.5% year to date. And now, the Energy Information Administration (EIA) says recent draws on global oil stocks, in concert with OPEC production cuts, will push its price even higher — to an average of $88 per barrel in the second quarter. That’s a $4.00 per barrel increase over the EIA’s February forecast. Now, there are a lot of ways to play this. [URGENT: This Parcel of Land Could Gift You Half a Million Dollars]( [JMT Buried Under the Land Image](In a remote corner of North America, a team of geologists and explorers just found something truly amazing. Mining experts call it the last GREAT gold discovery on Earth. And if you invest in the tiny firm that owns this land — before Big Tech and Wall Street investors catch wind of it... You could turn $10,000 into over $500,000! [Get the lowdown on this urgent gold opportunity right now.]( For example, I recently recommended Sunoco LP (NYSE: SUN) to our Wealth Advisory subscribers. That pick has already returned 5.5% to investors in a little more than a month. It’s also a veritable cash machine, as it yields a juicy 5.4% dividend. Sunoco is a favorite of mine for a few reasons. First, it owns a massive network of gas stations. And those gas stations will become even more profitable as prices rise commensurate with the rebound in crude. Secondly, Sunoco recently made a major acquisition by taking over NuStar Energy. NuStar brings 9,500 miles of pipeline and 63 terminals that transport crude, ammonia, and other refined products. Those assets will make a fantastic complement to Sunoco’s current business, which previously centered on the transportation, storage, and distribution of gasoline and diesel. Of course, if you’re looking for something more than a healthy income stream, you should definitely check out the latest report from my friend and colleague Keith Kohl. Keith runs the Energy Investor newsletter, and nobody knows the market better than him. Anyway, he recently found a little-known company that’s revolutionizing the way oil is produced. Indeed, this company, nestled deep in Texas’ bustling Permian Basin, has developed a new drilling method that’s the biggest breakthrough since fracking. It’s called the "Horseshoe Well." The Deathblow to Chinese Lithium An Oregon State University Geologist just exposed a $1.5 trillion lithium volcano... And every single ounce of this world record-breaking deposit is right here in America... Now you can own a piece of it by claiming a stake in the mining firm preparing to pull all that lithium out of the ground. [Get the full details here before every major media outlet is all over this story.]( You see, the standard approach to oil drilling is to go straight down and then sideways to reach the oil-rich shale. This is called horizontal drilling. However, those oil wells typically only cover a 1-mile area, limiting the amount of oil that can be extracted from a specific plot of land. "Horseshoe Wells," on the other hand, go straight down, then rotate 180 degrees and go back toward their starting point… [EI Fracking Diagram] This enables operators to tap into an extra mile of shale oil without needing to drill any additional wells. Essentially, it doubles or even triples oil output from the same piece of land. It’s like getting a second oil well absolutely free. It also lowers costs and reduces disruptions to the environment. That’s how [the company behind the technique]( has cut its drill time in half, doubled its production capacity, and generated cost savings of $10 million. The firm’s CEO is now reporting record production, with more than 130,000 barrels of oil and gas produced per day. That makes it a runaway investing candidate for anyone who’s interested in profiting from oil prices. So be sure to [get all the details on that here.]( Fight on, [Jason Simpkins Signature] Jason Simpkins [Wealth Daily ICYMI Header]( The $3 Stock Behind Bill Gates' Clean Energy Breakthrough Business Insider just reported that Bill Gates is weeks away from a clean energy breakthrough in the U.S.  He’s building a special “Natrium” facility that will be the first of its kind in the U.S. And it’s all happening in a small town in Wyoming that almost nobody in America has ever heard of. Using a special technology, this facility can power the electrical grid nonstop… While simultaneously cementing itself as the cheapest source of energy on the planet. The U.S. Department of Energy just poured $2.5 BILLION into this new project… And similar to how Bill Gates forever changed the world with the PC and Microsoft…  His Natrium facility is set to radically change the global clean energy market — a $23 TRILLION industry. And it’s all thanks to a special fuel called "TriFuel-238." It’s an incredible 40,835 times more powerful than natural gas… And 67,389 times more potent than gasoline… And it generates an astonishing 78,171 times more energy than coal… All without emitting any carbon, rendering fossil fuels obsolete in an instant. The best part? This fuel is patented by a company that’s trading at just $3... Offering you the chance for staggering triple-digit gains practically overnight! [Click here to learn more before this tiny stock’s price soars.]( [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}. You can manage your subscription and get our privacy policy [here](. This email is from Angel Publishing, 3 East Read Street, Baltimore, MD 21202 © Wealth Daily.