18.08.2015 - Oil Prices Are Heading Toward $20 a Barrel
Oil prices, which skidded to a 6½ year low of $41.35 a barrel last week, could fall to $20 as professional speculators sell. That’s the prediction of Steve Briese, editor of the Bullish Review of Commodity Insiders, and a key source for Barron’s prescient March 31, 2014, cover story, “Here Comes $75 Oil.” A $20 capitulation low could lead to a rebound, he says. With West Texas Intermediate, the U.S. benchmark crude, trading at $100 a barrel in March 2014, our cover story struck many readers as too bearish by half. It turned out to be too modest by half. Investors can use exchange-traded funds such as the United States Oil fund (USO) to invest in oil futures; ETFs such as the Energy Select Sector SPDR (XLE) target energy stocks. Both funds may have further to fall...............................................Full Article: Source
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