Oil Will Peak at $150-200 - Barron's Interview - Arjun Murti

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Oil Will Peak at $150-200 - Barron's Interview
Jun 08, 2008 10:13 AM UTC

Arjun Murti

Return	Risk
-30.61%	MID

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Symbol	Sentiment	Start	Return	Closed
APA		06/08/08	-26.89%	--
COG		06/08/08	-42.22%	--
COP		06/08/08	-44.10%	--
CVX		06/08/08	-22.57%	--
XOM		06/08/08	-17.25%	--

Via Long Investment Ideas from Seeking Alpha:

Barron's magazine interviews highly-followed Goldman oil strategist Arjun Murti, who predicted the current oil "super spike" in 2004. He sees the climb peaking somewhere between $150 and $200 -- which could mean $5.75 gasoline.

Murti dismisses the notion that speculation is driving oil prices to record highs. If so, he counters, why aren't we seeing supply growth?

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Comments (2)

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abates

N/A

1 point commented 518 days ago reply

Goldman correctly called Oil going to 100 when it was around 80 and everyone said they were wrong, maybe they will be right again this time.

traderdrew

51%

1 point commented 518 days ago reply

What oil price is factored into the price of this stock, are people over speculating in the name? under speculating?

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