West Texas Intermediate Oil May Reach $130 a Barrel

- February 21st, 2012

Bloomberg reported that according to Citizens for Affordable Energy’s founder and CEO, John Hofmeister, West Texas Intermediate oil is likely to touch $130 a barrel within the next six months.

Bloomberg reported that according to Citizens for Affordable Energy’s founder and CEO, John Hofmeister, West Texas Intermediate oil is likely to touch $130 a barrel within the next six months.

As quoted in the market news:

Hofmeister said Western countries will suffer economically because of high gasoline and diesel prices by mid-year.

Click here to read the full Bloomberg report.

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