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$150 Oil is Back on the Radar



December 20, 2011 – Comments (0) | RELATED TICKERS: BNO , USO

Oil prices have been quite low  during the second half of 2011. We have been predicting $100- $150 oil prices for some time now. Looks like it will actually happen! It sure feels good to be right! According to Asjylyn Loder, $150 oil is on its way.


"The prospect of oil topping $150 a barrel within a year has become the biggest bet in the options market as the U.S. and Europe work to limit Iran’s crude sales.

The number of outstanding calls to buy oil at $150 next December has jumped 29 percent since a Nov. 8 United Nations inspectors’ report on the Persian Gulf country’s nuclear program, to more than any other option on the New York Mercantile Exchange. The contracts equate to about 38 million barrels of oil, or 43 percent of daily global demand, based on data from the U.S. Energy Department."


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