GREY:LSTMF - Post by User
Post by
bushhog1on Apr 11, 2016 10:24am
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Post# 24751425
OIL -$85 per barrel by year end
OIL -$85 per barrel by year end https://www.cnbc.com/2016/04/11/oil-analyst-why-crude-could-double-in-2016.html The price of U.S. crude, which bottomed on Feb. 11, should hit $85 per barrel by the end of 2016, oil analyst Mike Rothman said Monday, a projection that's nearly double what some on Wall Street have been forecasting.
"You have two things going on here this year: One is demand growth and the other is contraction of non-OPEC supply, the first time in about eight years," the founder and president of energy research firm Cornerstone Analytics told CNBC's "Squawk Box."