Oil Prices Going Up
Goldman Sachs (NYSE:GS) has stated they believe oil prices will increase to the $92 to $97 range in the next six months, and even possibly reach it in the next 90 days.
The reasoning behind the assertion is their belief demand will pick up to the place of supply not being able to meet it.
Bank of America thinks it'll get worse than that, with prices getting as high as $110 for oil, and possibly even going as high a $150 before the end of the year.
The only caveat I have with that is if people are really ready to open their wallets and start traveling in a way that would generate that type of demand. We'll see in a couple of months.
Oil Prices Going Up
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