Poll: Texas Tea 🛢️

This week we asked the Invstr community how they felt about the price of oil!

In case you’ve been under a rock the past few weeks or not keeping up with Invstr Crunch, the price of oil has been dramatically rising. For some quick recap, the reason this is happening is because of the Russia and Ukraine conflict. As the war has continued with Russia being one of the largest producers of oil in the world crude oil has faced global supply fears, driving up the price. Currently, consumers are suffering at the pump with gas prices hitting an average of $4.00.

The Invstr community is in a strong agreement about where the price of oil will head next, with an overwhelming 72% (near 3/4) of the community believing the price of oil will continue to rise. This aligns with the opinions of experts in the field like Andy Lipow, President of Lipow Oil Associates who thinks gas will reach $4.50 a gallon as supply disruptions continues. Some Invstr has taken a different approach to view the situation, believing gas prices will fall. This could also make some sense given the U.S is able to find or buy ample oil for a fair price and leave shares in Russian oil largely obsolete. 17% of investors combined opted to take no opinion, admitting to not knowing what will happen to oil prices, or take a neutral stance where the price stays the same. All in all, the Invstr community has once again spoken and with a diverse range of opinions! Thanks for sharing and happy investing everyone!

The Invstr Team 🙂

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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