With Brent already above $107, I’m wondering how sustainable this rally is. I was planning to buy Petrobras shares, but with oil prices this high, it feels like I might be late to the trade.
It’s been over a month of conflict in the Middle East, and supply concerns seem to be driving prices higher. Do you think this is a short-term spike, or could oil stay elevated for longer?
Curious to hear your thoughts, especially from those following energy stocks.