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Oil Prices Could Rise by 35% Later This Year

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We wanted to pass along a quick note on the oil environment as it pertains to MLPs; Master Limited Partnerships.  This is an article in Barron’s we wanted to post.

Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. Lee picks up the story

Source BARRON’s

 

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