We wanted to pass along a quick note on the oil environment as it pertains to MLPs; Master Limited Partnerships. This is an article in Barron’s we wanted to post.
Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. Lee picks up the story