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Cathie Wood predicts oil price drop as peak demand reached

Rising crude oil prices are a factor of supply rather than demand, she says

Much like the whale oil trade at its peak in the mid 1800s, crude oil prices have probably topped.

That's according to Cathie Wood, founder and chief executive of Ark Investment Management, who spoke of a coming peak in crude oil prices due to the arrival of electric vehicles in a series of tweets late Thursday.

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