Morgan Stanley says $150 oil by July 4th.
We are now a month into the U.S. Hurricane season and there is an expected 65% chance that it will be busier then "normal".
The last time we had a major hurricane, we seen the highest oil prices ever. That is no longer a major re-occurrence, as we see highest oil prices ever on a daily basis it seems.
My question is, with the hurricane season starting, how high will oil prices go? Certainly higher then they have and it might be the reason why analyst were calling for $200 a barrel oil.
Here's hoping the U.S. hurricane season is below normal so we can see oil prices stabilize.
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