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Roger Wiegand: Oil to Reach New Highs by Year End
Source: The Energy Report 10/09/2008
Despite severe economic turmoil, demand for oil is rising significantly—in fact, it will land somewhere in the range of $150 to $157, according to Roger Wiegand, editor of Trader Tracks. In this exclusive interview with The Energy Report, Wiegand takes a close look at the untamed commodities bull and names some of his favorite buys.
The Energy Report: How does you think oil will play out in current economic scenario?
Roger Wiegand: The big sell-off during the past month or two was triggered when the funds bailed out. Roughly 50% of the CRB—the commodities index—is in oil. When oil moves, it…
14Oct2008 | The Energy Report | Comments Off | Continued
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