NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

Will oil really hit $200?

January 7, 2008
Bloomberg carried a story today saying some of the hottest oil investments are options on the New York Mercantile Exchange to buy oil for $200 a barrel. Presumably at least some investors think oil prices are going to double.

Weâ??ve already seen oil prices nearly double in just the past year.

Are these investors crazy, or are they crazy like a fox? Which direction do you think prices will go?

Read the story.
ADVERTISEMENT
Comments powered by Disqus