With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86 per barrel and peak this summer at $95 per barrel
The U.S. possesses significant lithium resources, with 94.8 million metric tons of LCE in existing projects, providing opportunities for domestic production and meeting growing demand for lithium-ion batteries in the EV industry.
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.