2011 was an up-and-down year for oil prices, but don’t expect that pattern to repeat in 2012.
In the coming year, the trajectory for oil prices will be far more linear – and it’s pointed up.
In fact, we could even see $150 oil by mid-summer.
There are two key reasons why:
- Despite the economic crisis in Europe, oil demand proved resilient in 2011. It is poised to remain steady in 2012, and then escalate drastically for the foreseeable future.
- Supplies will once again be constrained, and the potential for political upheaval in major oil-producing nations has increased.
- (There’s also a potential oil “constriction” moving through the markets. It could send oil prices far into the triple digits in the next few months. And Money Morning Editor Dr. Kent Moors has all the details in his latest new report right here.)
These are the principal reasons oil prices have surged since dipping below $80 a barrel a few months ago. They’re also why the world’s upper-echelon of energy forecasters has oil prices building a floor above $90 a barrel and rising from there.......
http://futurestrading.com/2012/01/2012-oil-price-outlook-how-to-profit-from-150-oil/
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