Oil has spiked $4 in last 2 days expected to climb back over $100
11-25-2016
http://finance.yahoo.com/news/surpr...vbG8DYmYxBHBvcwMyBHZ0aWQDVklEMDVfMQRzZWMDc2M-
Oil is going back to $100
One of the biggest stories over the past year and a half has been oil's epic tumble, which has reduced the price of a barrel of crude
(New York Mercantile Exchange: @CL16H) from nearly $110 to just more than $40. But one strategist says the commodity is set to stage a striking turnaround.
"The case for triple digit oil is simply that demand stays where it is but supply starts to roll over into next year, but particularly into 2017, due to lack of investments," Mostaque said in a Tuesday "
Trading Nation " interview.
Further, the market is extremely susceptible to geopolitical risks, he said. This is because there is no "geopolitical premium" baked into current prices, and yet falling oil prices could themselves create instability in one or more oil-producing nations.
If that happens, "you could easily get up above $130, because we just don't know where the easy oil is, because we're slashing our exploration spending," Mostaque said