‘It’s going to be very easy’ to get to $100/barrel, analyst says

Energy and oil prices have been on fire over the last six months. And expect them to go higher, says one analyst.

“For multiple reasons, there’s still room to go higher in the coming weeks,” Troy Vincent, DTN ​​senior market analyst, told Yahoo Finance Live.

Some strategists have been forecasting $100 barrel for oil. “I wouldn’t say it’s inevitable, but it’s going be very easy to get there,” said Vincent.

Over the last six months, crude is up nearly 40%. On Monday, prices took a breather…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *