US crude oil could be in position for another trek higher
Jay Soloff
Argonath Financial
US crude oil could be in position for another trek higher. According to Bloomberg, hedge funds are the most bullish on crude they've been in the last five months. With the price of crude breaking $100 per barrel, the next stop may be as high as $110. Bullish factors are contributing on both the supply and demand side. The southern part of the Keystone pipeline opened in January and helped substantially reduce pent up supply at the Cushing refinery. Meanwhile. cold weather increased overall demand for oil and distillate fuels. The price of oil could become a hot button topic in the coming months as too high of a price could dampen economic activity. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
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Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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