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Thursday, August 12, 2004
Expectations for Crude in 2005
Love him or hate him, Jim Cramer does provide interesting food for thought at times. This morning's article is of some interest after he surveyed Wall Street analysts and discovered that the vast majority still do not believe that the high price of oil will continue next year. The average analyst, as he points out, currently believes that the price of crude will be only $31 a barrel next year. In fact, as it stands right now, no one is higher than $35 and many are still below $30. READ
Posted by Kirk at 11:59 AM in Economy | Bookmark | Feeds | Link |
