The EIA raised the trading price of Crude oil by $22 per barrel to an average of $105.22 per barrel in its March Short-Term Energy Outlook (STEO), and the American benchmark West Texas Intermediate (WTI) to $101.17 per barrel. The higher price projection includes concerns about supply disruptions and additional sanctions as a result of Russia’s continued invasion of Ukraine.

Brent is expected to fall to $88.98 per barrel post-2022, whereas WTI will fall to $84.98 per barrel. The EIA emphasized, however, that the price projection is ‘very unpredictable’, as actual price outcomes will be determined by the severity of Russia’s sanctions, any new potential sanctions, and the impact of individual business actions.

In 2020, during the COVID outbreak, the event suddenly draws Crude & Brent oil prices. The crude oil (WTI) starts falling from $65/barrel to $19/barrel.

The continuous fall frightens investors all over the globe. But, Ankit, Wealth Manager (USA), who is also an entrepreneur & investor at that time publicly said on his YouTube video that crude will touch($90-$100) soon due to macroeconomic conditions which central banks created by putting interest rates at an all-time low.

Ankit said in 2020, due to this petrol prices will touch Rs.100 first time in India. In 2022, he seems indeed right. Today petrol prices all over India almost hit Rs.100 due to an international price hike in Brent oil.

Today also his video is still available on his YouTube platform which he created by the name of ‘Market Maestroo’.

This video he released on Dec.25 2020. One can check it as a fact as well. He is one of the only Wealth Managers in the Globe who predicted a rise in Crude oil & only economist in India who predicted Rs100/litre of petrol.

Apart from this, his many predictions in recent times come true which also become the centre of attraction for many
investors. He also predicted inflation is coming & USA inflation may touch 10%. Today Feb 2022, USA inflation is sitting at 30 year high of 8%.

After such successful predictions, Ankit, Wealth Manager (USA), now started gaining popularity & limelight. One of his famous quote in investing is “Investing is done with a calm mind, not to calm your mind