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Crude to $100: Trader makes the case for a spike in oil prices – opinion

Trader -energynewsbeat

CNBC Opinion:

Crude oil prices are on a path to heights not seen since 2014, according to one chart analyst.

As the energy sector tracks for its best quarter on record with a year-to-date gain of 40% there’s “clearly some upside” for oil prices as well, Piper Sandler’s Craig Johnson told CNBC’s Trading Nation on Friday.

 

Energy News Beat Publishers Note: We do not see the support for $100 oil, but rather a lot of pent-up delirium and hopefulness.

 

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