Posted AT 11:52 AM EST on 17/04/08
Get ready for $125 oil: Pickens
WASHINGTON — Crude oil prices are still headed upward and could top $125 (U.S.) a barrel in the near-term, legendary oil investor T. Boone Pickens said Thursday.
“It will go up,” said Mr. Pickens, who heads the BP Capital hedge fund with over $4-billion under management. “Oil is moving to a substantially higher level – say above $125 a barrel.”
U.S. crude futures hit a record $115.54 Thursday.
The full text of this article has 254 words.
To continue reading this article, you will need to purchase this article.
This article is NOT available for licensing for re-use and redistribution.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
