Investor612

Barron's Banks on $100 Oil

A quote from the Barrons' article:

"In the next decade, oil indeed may hit $200 a barrel. But prices could fall to $100 a barrel by the end of this year if Saudi Arabia makes good on its pledge to increase production; global demand eases; the Federal Reserve begins lifting short-term interest rates; the dollar rallies, and investors stop pouring money into the oil market. China raised prices on retail gasoline and diesel fuel by 18% Thursday, in a move that is expected to curb demand."

Hmmm.

IF Saudi Arabia increases production.
IF global demand eases
IF the FED raises rates
IF the dollar rallies
IF investor bullishness on oil cools

That's a lot of "IF's" to making predictions on.