OIL ETF’S: $100 Oil in Next Six Months?

oildrumEconomist Jeff Rubin weighed in on the outlook for oil prices today on FOX Business. Jeff says,”I’ll look at the comments on the Saudi oil minister yesterday. At the OPEC meeting saying seventy dollars is a fair price for both consumers and producers why would anybody complain about that. All the  polls of  two to three years ago that would have been a world record high. I suspect the Saudi oil minister in twelve months and now we’ll be talking about how a hundred dollars a barrel is a fair price for both consumers and producers because that’s what it’s probably going to be.”

Goldman Sachs Crude Oil Total Return ETN (OIL)
PowerShares DB Crude Oil Double Short ETN (DTO)
PowerShares DB Crude Oil Long ETN (OLO)
PowerShares DB Crude Oil Short ETN (SZO)
PowerShares DB Oil Fund (DBO)
ProShares Ultra DJ-AIG Crude Oil ETF (UCO)
ProShares UltraShort DJ-AIG Crude Oil ETF (SCO)
United States 12 Month Oil Fund (USL)
United States Heating Oil Fund (UHN)
United States Oil Fund (USO)

 

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