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Article: Alaron Trading Energy Analyst Sees Oil At $40/Barrel.
- Article from:
- Business Wire
- Article date:
- September 12, 2000
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Business Editors/Energy & Oil Industry Writers
CHICAGO--(BUSINESS WIRE)--Sept. 12, 2000
Consumer Gas Prices Could Reach $2.00/Gallon
"Too Little Too Late"
Phil Flynn, leading energy market analyst and Vice President at Alaron Trading Corporation, believes that all the variables are in place for crude oil prices to approach the Gulf War highs of $40 per barrel.
World oil prices closed Friday, September 8, at $33.70/barrel in New York.
Flynn notes tight US petroleum supplies, increasing demand as colder autumn and winter weather approaches, and continued doubts that Saudi Arabian oil production increases will make much ...