
By Barani Krishnan
Investing.com — Oil bulls’ hopes for $100 a barrel will have to wait for now.
Two weeks ago, the much-hyped OPEC+ production cuts took global benchmark Brent crude from a triple-digit price to less than $92, a level not seen since August. The long oil crowd is hoping to regain momentum from March when Brent practically touched $140. There was a lot of betting that December would be the month when a G7 price cap for Russian…