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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (42016)12/18/2012 12:26:22 PM
From: Keith Feral  Read Replies (1) | Respond to of 223853
 
I think the market is so desperate to avoid a bubble any time soon. I find it incredible how many people are now beginning to call for $65 or even $50 crude next year. This is the first year in 10 with YOY decline in oil prices since $20 10 years ago. I see Brent easily getting to $90 next year, just not sure how it gets there. I'm not sure $90 Brent reduces WTI to $65, they could just let it sit there and squeeze the spread.