Is $100 Oil Within Reach? ...Middle East

OILPRICE - Economy
Is $100 Oil Within Reach?
source : OILPRICE ( Middle East ) () 63
A few weeks ago, when WTI crude was trading just below $80, I wrote here that I was about to break with my usual, contrarian trading style and establish a long-term long position in oil after a gain of around ten percent since the beginning of February. Normally, if something has climbed that far that fast, I start to look for a pivot point; a level at which a correction or consolidation will come. Last month, however, the more I looked at the fundamental factors influencing oil, the more convinced I became that it was heading higher still. I was…

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