06.02.2015 - OPEC Says Oil Could Reach $200 Per Barrel: Here's Why Investors Shouldn't Bet on It
The most severe oil collapse since the credit crisis has caused many energy stocks to crash to six-year lows and spurred countless "experts" to predict when the oil markets will bottom and where they might head next. In reality, no one can accurately predict the short- to medium-term price of oil -- nor should most investors try -- but that hasn't stopped legendary oil tycoon T. Boone Pickens from boldly predicting that oil will return to $100 per barrel within 12-18 months. On the other side of the argument, Saudi Prince Alwaleed bin Talal is even more confident in his counter claim "I'm sure we're never going to see $100 anymore." However, now, OPEC's Secretary General Abdulla al-Badri has upped the speculative prediction stakes with the boldest prediction of all -- that oil prices have not only bottomed but may soon soar past $200 per barrel...............................................Full Article: Source
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