Saturday, November 11, 2017

Barron's: 3 Reasons Oil Prices Are Headed Higher

By SIMON CONSTABLE

Get ready for a surge in oil prices.
Three reasons point to substantially higher prices over the next few months, even though West Texas Intermediate crude already has rallied to a two-year high above $57 a barrel. One way to play the possibility that petroleum powers toward $90 would be to buy March-dated futures contracts for light sweet crude on the CME. Alternatively, try the United States Oil (ticker: USO) exchange-traded fund, which tracks near-term futures prices for crude. Read more here
Photo by David Thielen on Unsplash

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