Boone Pickens Sees Oil at $75 by Year-End
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Appearing on CNBC's Closing Bell, Boone Pickens just told Maria Bartiromo that crude oil will be at $75 by year-end. The famed oil investor also said that oil will continue to move higher in 2010 if we have "a recovery in the global economy".
Pickens also reiterated his stance that we will see oil at $60 before $40. Pickens first made this prediction on March 6. So far, Pickens has been right: crude closed around $42.91 today.
Pickens also reiterated his stance that we will see oil at $60 before $40. Pickens first made this prediction on March 6. So far, Pickens has been right: crude closed around $42.91 today.
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