Will oil reach $90 a barrel in 2010?
Bank of America (NYSE:BAC) say they see oil reaching as high as $90 a barrel before the end of 2010, although others believe prices will stay close to where they're at today for the remainder of the year.
Of course most of this is all speculation, as we need to wait to see whether Americans loosen up their wallets in the summer months and travel more, or decide to stay closer to home. Much will depend on that as to the demand oil will have.
Some reasons cited for prices remaining lower is the large global supply and probable lower demand will keep prices in check.
It's possible prices could even fall in the summer months, again, depending on the traveling habits of consumers.
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