News

Aug 11, 2010

Is Oil Heading To $200?

The attention of investors has been rightly focused on a solid earnings season, employment data, and the Federal Open Market Committee meeting on Tuesday.

Unfortunately, the elements that constitute so-called risk or geopolitical premium in oil prices suffer from no distractions. Several newsworthy events, recently, represent the dots that the oil market may begin to connect to produce a significant event driven price spike in prices - potentially driving crude oil prices upwards of $200 per barrel. Read more.