OK, with oil off $10 in 2 days and $6 overnight to be the largest 1 day fall since 1991, lets see where people think oil will close 2008 at
Perhaps just make a brief comment attached
My call: $175-$180
Reason: This quarter is a cyclically weak period for commodities. Oil will likely fall another $10 short term, but from there i think it will hold and consolidate before moving much higher over the final qrt and a half of the year
The long term outlook for oil and commodities is up.
USD is also a garbage currency. If it weakens further, oil will spike again and again.
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