If we don't change our course, we'll end up where we're headed. — Chinese proverb Down one road lies disaster, down the other utter catastrophe. Let us hope we have the wisdom to choose wisely. — Woody Allen
Investing in Oil
If you've been expecting oil prices to plummet below $50 per barrel, you're probably going to be waiting around for quite a while. After watching crude prices find recent support around $65 per barrel, the question now is whether oil will finally find its legs at $75 a barrel. And if prices can rally past $75 a barrel, it's only a matter of time before we see $80 — or even $85 — per barrel. During the last few days, some readers have suggested $100 oil might be right around the corner... But there's a slight problem with that notion. Ever since oil prices fell as low as $33 per barrel late last year, OPEC has repeatedly said that $75 per barrel is the fair and reasonable price. Now that we're nearing that price, I don't see much momentum to hit triple-digits in the short run. Don't...
Posted by
Dj HuSi
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment