Matt Badiali on MarketWatch: Oil Prices Rising to $120 Before Year-End
Last week, I had the pleasure of speaking with Myra P. Saefong from MarketWatch about the rising prices of oil and how they may look by year-end.
Oil prices may have lost more than 8% this month, but investors should not stray away, as trends are showing a 40% increase from last week’s levels are likely and we may see oil prices reach levels above $100 before the year is over.
The MarketWatch full coverage goes into detail about Venezuela supply constraints since becoming a failed state, oil supply disruption with Iran, and an increase in demand.
As I told Myra, I don’t believe the bull market in oil is over. I’m using this downturn as a buying opportunity. Oil is only going to continue to go up in price as demand increases, creating a solid investment opportunity for gains.
I go more in-depth regarding how to successfully invest in the oil sector in my exclusive subscription Real Wealth Strategist.