Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Charts Predict: Oil May Whip Back up to $100

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Monday, Feb 2, 2009

Oil prices could bounce back toward $100 a barrel as the huge decline over the past twelve months looks set to give back up to half of its fall, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.

“After a major fall like that you would expect it to retrace a quarter, a third or a half of the previous fall and as that was an enormous fall, quite a decent bounce is likely to come,” he said.

Oil has fallen well over $100 a barrel since the high of above $147 hit in July. If prices were to regain half of their declines, oil could be back up in the $90-$100 range, according to Griffiths’ predictions.

Full article & video here

This article was posted: Monday, February 2, 2009 at 4:50 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Raheem Kassam: Sh*thole London See the rest on the Alex Jones YouTube channel.

Germans Being Mass Brainwashed by TV to Submit to Islam See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/bcPVfa76Qig https://www.youtube.com/embed/kYmTFL9nbRQ

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.