I made a decent sum of money about 25 % in 3 months investing in oil stocks around July - August. At that time crude was $ 65 / barrel........now it's hitting $ 98 / barrel & beyond.
I just sold them 2 days back.
I made this profit thanks to my financial analyst Debajyoti Dutta Roy who was pointing to a number of factors since 1 year. These factors exist even today, so I wonder what's gonna happen to oil prices ??
My advisor tells me oil prices WILL CROSS the $ 100 / barrel psychological barrier...It's just a matter of time.
Check out the facts : New York Crude has hit $ 99.29 dollars per barrel....similarly Brent North Sea touched 96.6 .....
What will push 'em up even further ?
An alarming fact is we're hitting a benchmark timeline of 2010 ...... beyond 2010 it seems DEMAND from oil will be far far greater than the PRODUCTION that can be had......
Take a look at the Hubbert Peak of Oil Production.
Add to that the ongoing Crisis in the Middle East.......it's escalating day by day.
Plus the Russia - Venezuela - China "closed circuit market" phenomenon.
Analysts are even saying crude oil might hit $150 / barrel at 2008 - end.
