Today's Oil News
Turns out I may not bullish enough. Here's ANOTHER short-term forecast in oil …
Oil May Rise to $120 in Six Months on Weak Dollar, Tensions, Taqa CEO Says Crude oil may rise to $120 a barrel within six months due to the dollar weakness and global political tensions, the chief executive officer of Abu Dhabi National Energy Co. said.
A 5-year forecast in oil …
Oil Could Reach $300, says Matt Simmons
Former White House energy advisor Matthew Simmons said the current highs of $100 per barrel are "cheap".
Either way you slice it, oil is going up …
Crude Oil Rises on Dollar-Led Buying, OPEC Reluctance to Boost Production Crude oil rose a second day as a lower U.S. dollar spurred commodity investments and OPEC ruled out raising production targets when it meets tomorrow in
And here’s why …
OPEC Not Moving to Ease High Oil Prices
On Monday, oil surpassed the all-time record of $103.76 a barrel when adjusted for inflation. The previous record was $38, set in 1980 at the height of the U.S.-Iran hostage crisis.
posted by Sean Brodrick @ 8:28 AM
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