Oil above $150?… Bloomberg

by Jim Colburn • Monday, July 9, 2018

Ben Sharples, Bloomberg, reports on Sanford C. Bernstein’s suggestion that +$150 is possible:

“Investors who had egged on management teams to reign in capex and return cash will lament the underinvestment in the industry,” the analysts wrote. “Any shortfall in supply will result in a super-spike in prices, potentially much larger than the $150 a barrel spike witnessed in 2008.”

There is more here: https://www.bloombergquint.com/business/2018/07/06/oil-spike-above-150-feared-as-investors-demand-cash-over-growth





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