After the recent OPEC+ meeting, it's been confirmed the group has a new deal on the table to cut 2.2 million barrels of oil per day.
The Wall Street Journal reported the cut will "likely keep oil prices elevated."
Although many analysts are uncertain just how high the price of oil will climb.
Some estimates say $80 to $90 a barrel.
Bloomberg reports others predict as much as $150 a barrel if the conflict in the Middle East escalates.
Still, others like JPMorgan are pegging oil at a stratospheric $380 in a worst-case scenario.
But according to my research, even these numbers are far from the true price oil could hit.
Because with the potential $10 trillion energy industry…
And continued global conflicts putting pressure on the world's petroleum reserves…
My research shows oil could easily hit an astonishing $500 a barrel.
And see a 10X increase in price, just like it did coming out of the throes of 2008.
That's why for a limited time, I'm sharing all the details on my No. 1 oil stock for 2024.
Because this North Dakota miner is perfectly positioned to capitalize on the increasing demand for oil ... and skyrocket to the top of the energy industry over the next decade.
Regards, Adam O’Dell Chief Investment Strategist, Money & Markets
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