West Texas Intermediate Oil May Reach $130 a Barrel

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.