For the first time since the third quarter of 2013, West Texas Intermediate Crude Oil broke into the land of triple-digit prices. At more than $100 a barrel, investors in this flavor of black gold could be in position to reap a windfall. That’s because we’re heading into the “summer driving season” at the same time that tensions in Ukraine are building… And, according to CME trader Tres Knippa, rumors of an oil glut are just not true, opening the way for a huge increase in price per barrel — as high as $125-$130 — without any outside help. And should the Middle East heat up as well, we could be looking at $150 a barrel. Is that a forecast you can get behind?
Stocks rose today, in the process ensuring a fifth consecutive quarterly gain for the S&P 500. The U.S. Federal Reserve is partially behind the market's success, as it continues to taper its monetary stimulus at the expected rate.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: