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Oil could hit $80 per barrel by the end of 2018, says portfolio manager

CNBC - Oil & Gas -- It's not preposterous to expect oil prices to hit $80 per barrel by the end of 2018, said Yoon Chou Chong, head of Asian equities at Natixis Asset Management.

Production cuts & the need to maintain stability ahead of the widely-anticipated Saudi Aramco IPO will support oil prices, Chong said.

This year could mark a comeback for commodities, with oil potentially hitting $80 per barrel, a portfolio manager said on Wednesday.

Restrained production among major oil producers & the "greater impetus" to maintain stability ahead of the widely-anticipated initial public offering of Saudi Aramco will support prices further this year, he said.

We've done a lot through the exporters, tech & we're still happy with them. But this might be the year for the return of commodities and oil.
...


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Submitted Jan 03, 2018 By: ItisAJeepThing
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
DiannaFan
Champion Author Utah

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Message Posted: Jan 3, 2018 4:41:34 PM

Um, yes it is.
idigau22
Champion Author Washington

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Message Posted: Jan 3, 2018 4:37:56 PM

This portfolio manager must have found his Oil Cristal Ball!!
He is just one of the hundreds of Oil Speculators who are usually
wrong!!
alkarn
Champion Author Riverside

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Message Posted: Jan 3, 2018 4:37:49 PM

"Sigh."
milespergallon
Champion Author Illinois

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Message Posted: Jan 3, 2018 4:37:47 PM

'Fake news' quoting a specu-TRAITOR. Now this is reliable.... Ahahahahahahahahahahahahahahahahahahahahahahah
rwk
Champion Author Calgary

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Message Posted: Jan 3, 2018 4:36:20 PM

Or not
apjr
Champion Author New Jersey

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Message Posted: Jan 3, 2018 4:32:55 PM

terrible terrible
PANHEADMITCH
Champion Author Louisiana

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Message Posted: Jan 3, 2018 4:31:11 PM

OK.
ss70
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Message Posted: Jan 3, 2018 4:31:10 PM

ok
MINIWINI598
Champion Author Washington

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Message Posted: Jan 3, 2018 4:30:59 PM

ok..
TinyF350
Champion Author Toronto

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Message Posted: Jan 3, 2018 4:28:03 PM

Which is why pump prices are expected to rise. Rotten speculators.
modesNV
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Message Posted: Jan 3, 2018 4:27:17 PM

ouch
riclop
Champion Author Las Vegas

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Message Posted: Jan 3, 2018 4:26:45 PM

ok
musb9ce
Champion Author Toronto

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Message Posted: Jan 3, 2018 4:26:04 PM

.
stratlinetime
Champion Author Kalamazoo

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Message Posted: Jan 3, 2018 4:25:43 PM

lets hope not
Bill100
Champion Author Grand Rapids

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Message Posted: Jan 3, 2018 4:21:17 PM

If this article is meant to cheer me, it didn't work.
midnightsdc
Champion Author Ontario

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Message Posted: Jan 3, 2018 4:20:43 PM

All spec.
Harleymoms
Champion Author Wisconsin

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Message Posted: Jan 3, 2018 4:14:36 PM

ok
Medic55
Champion Author Columbia

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Message Posted: Jan 3, 2018 4:14:02 PM

Nothing but speculation.
goalie1964
Champion Author Manitoba

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Message Posted: Jan 3, 2018 4:11:53 PM

ok
Coo
Champion Author Ohio

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Message Posted: Jan 3, 2018 4:09:44 PM

ok
nigelb
Champion Author Virginia

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Message Posted: Jan 3, 2018 4:05:13 PM

Not surprised given we are still exporting crude thanks to the RepubliTWIT Congress!
bigdave03
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Message Posted: Jan 3, 2018 4:04:28 PM

ok
BRAK933
Champion Author Saskatchewan

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Message Posted: Jan 3, 2018 4:00:31 PM

ok
1Amello
Champion Author Wisconsin

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Message Posted: Jan 3, 2018 3:59:27 PM

ok
oppdetcon
Champion Author Ottawa

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Message Posted: Jan 3, 2018 3:57:46 PM

Also the world could come to an end...
MDTDriver
Champion Author California

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Message Posted: Jan 3, 2018 3:53:22 PM

And I could be hit on the head by a falling tree!
Bigbob0878
Champion Author New Jersey

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Message Posted: Jan 3, 2018 3:50:36 PM

ok
tbelstone
Champion Author Jacksonville

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Message Posted: Jan 3, 2018 3:49:58 PM

no
albietheir
Champion Author Philadelphia

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Message Posted: Jan 3, 2018 3:49:48 PM

Anyone can make predictions.
gas_bill
Champion Author California

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Message Posted: Jan 3, 2018 3:49:39 PM

$$$ Bend Over $$$
AmmoManAaron
Champion Author Indianapolis

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Message Posted: Jan 3, 2018 3:48:29 PM

Maybe, but it's a long shot. There are a lot of shale oil wells ready to come online if prices go that high.
barks
Champion Author Albany

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Message Posted: Jan 3, 2018 3:46:00 PM

K
jojogogo
Champion Author Detroit

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Message Posted: Jan 3, 2018 3:44:54 PM

Baloney
chakae
Champion Author South Carolina

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Message Posted: Jan 3, 2018 3:41:31 PM

Ok
mohammed10
Champion Author Gainesville

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Message Posted: Jan 3, 2018 3:38:23 PM

yikes
Rednix
Champion Author Miami

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Message Posted: Jan 3, 2018 3:38:22 PM

I hear more pumps are needed in TX.
aalix
Champion Author Orange County

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Message Posted: Jan 3, 2018 3:37:39 PM

Wow.
Hippy22
Champion Author Ontario

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Message Posted: Jan 3, 2018 3:36:38 PM

Or maybe it won't. Time will tell
sawdust1825
Champion Author Illinois

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Message Posted: Jan 3, 2018 3:33:24 PM

That will slow down consumption.
LaMigra
Champion Author Laredo

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Message Posted: Jan 3, 2018 3:26:59 PM

ok
blueblazer53
Champion Author Tampa

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Message Posted: Jan 3, 2018 3:21:30 PM

Just watch them dry up demand again
gasgo123
Champion Author South Carolina

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Message Posted: Jan 3, 2018 3:17:55 PM

?????
CorvairHaven
Champion Author Cleveland

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Message Posted: Jan 3, 2018 3:17:49 PM

Doom & gloom.
I_love_Amy
Champion Author Washington

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Message Posted: Jan 3, 2018 3:16:48 PM

......Or it could drop to $30 / bbl. Time will tell.
niterider
Champion Author Phoenix

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Message Posted: Jan 3, 2018 3:16:11 PM

an my guess is . . .
Rageagainsttm
Champion Author Tampa

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Message Posted: Jan 3, 2018 3:15:36 PM

We'll see.
Rageagainsttm
Champion Author Tampa

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Message Posted: Jan 3, 2018 3:15:18 PM

Oh well.
Sydman
Champion Author Grand Rapids

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Message Posted: Jan 3, 2018 3:15:07 PM

oh
jukekamo
Champion Author New York

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Message Posted: Jan 3, 2018 3:12:23 PM

Another Speculator....Long October 2018 Call Futures!!
SavinOnFuel
Champion Author Gary

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Message Posted: Jan 3, 2018 3:11:42 PM

Nay sayers....
macike
Champion Author South Dakota

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Message Posted: Jan 3, 2018 3:11:07 PM

ok
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