T. Boone Pickens Sees Oil at $100 Next Year If Economy Recovers
More News related to Insiders' Blog
- Sign of the Times: U.S. Mint Has To Temporarily Suspend Sales of Ounce Gold Coins Due to Demand
- Central Banks Continue Snapping Up Gold, Sri Lanka Buys 10 Metric Tons From IMF
- Holiday Retail Match-Up: Wal-Mart vs. Amazon... Who Will Come Out on Top?
- Research Firm Questions Surge In Origin Agritech (SEED)
- Starbucks (SBUX) Bets Big On China
According to a report from Dow Jones, energy investor, T. Boone Pickens has made comments at a press briefing in New York related to the recent slide in oil prices.
Pickens said that if we have any kind of recovery in the global economy, oil prices would be back at $100 by next year. When asked if Pickens was going long oil, he responded with a "Not yet", admitting that he believes there's a chance that prices could go lower in the near-term.
Stocks Mentioned
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
