Oil Price: $100 Before $150 - But $200 Before $50 [View article]
Oil traded at new all time high this morning-$145.98. If oil remains above $140 for the next week or two it will take off again. Demand destruction will not back out more than 1% of consumption here as oil demand continues robust around the world. You won't see $100 oil ever again.
-
Oil traded at new all time high this morning-$145.98. If oil remains above $140 for the next week or two it will take off again.
Jul 11 08:00 am
|Rating:
0
0
All Comments by oil baron »Oil Price: $100 Before $150 - But $200 Before $50 [View article]
Demand destruction will not back out more than 1% of consumption here as oil demand continues robust around the world.
You won't see $100 oil ever again.