Zach Bass

What Can Possibly Explain the Price of Oil?

I would add to that perfect storm the following:

- Morgan Stanley predicts oil will hit $150 by July 4th
- Jobs report was horrible, unemployment rises to 5.5%
- Israeli cabinet minister says attack on Iran inevitable

I personally think the Morgan Stanley should be investigated by the SEC. They're simply spreading the fear. There was nothing in their report that we didn't know already. And their timing is very suspicious.