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Title : $100/Barrel Of Oil On The Horizon?
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$100/Barrel Of Oil On The Horizon?

 

CNBC: Crude to $100: Trader makes the case for a spike in oil prices 

Crude oil prices are on a path to highs not seen since 2014, according to one chart analyst. 

As the energy sector tracks for its best quarter on record with a year-to-date gain of nearly 40%, there’s “clearly some upside” for oil prices as well, Piper Sandler’s Craig Johnson told CNBC’s “Trading Nation” on Friday. 

U.S. West Texas Intermediate crude prices slid half of 1% to around $65.60 a barrel on Friday. “I could actually see a number that could be north of 100 in the next, say, six to ... 12 months from here,” said Johnson, his firm’s senior technical research analyst. 

Read more .... 

WNU Editor: This is how oil will hit $100/barrel .... How Oil Could Go To $100 Per Barrel (OilPrice.com/Zero Hedge).

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