Oil is nearing the 2009 lows at 33.20, will that be enough for the price to bounce in the short term? Probably not. I see Mr T. Boone is making a call for oil to $75 by year end, which seems a little absurd.
Over the next couple of months, where do you see the price of oil?
Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.
Here is a 20 year look at crude:
