The risk profile for oil prices is changing pretty rapidly. We think the risk of a conflict is going to build very fast now in the Middle East. There is no premium in the oil price whatsoever. There’s a new sheriff in town, Vladimir Putin, and he has an interest in higher oil prices, not lower oil prices.
…Next year, assuming the dollar begins to fall, we think [WTI] can trade up to around $70 or $80.
— Larry Jeddeloh, author of The Institutional Strategist
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.