Published on Zero Hedge (http://www.zerohedge.com)

Home > Oil Jumps On OPEC's El-Badri's "$200 A Barrel Sometime" Comments

Oil Jumps On OPEC's El-Badri's "$200 A Barrel Sometime" Comments

By Tyler Durden
Created 01/26/2015 - 08:10
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 01/26/2015 08:10 -0500



 

The headline-reading algos were at the top of their game this morning when milliseconds after OPEC's general secretary Abdalla El-Badri said oil prices could reach $200 a barrel if there's a lack of investment following this price slump... though failed to provide any timeline for his forecast. WTI prices jumped $1 from $45 to $46 even as El-Badri noted the market was still over-supplied by 1.5 million barrels per day.

 

  • *OPEC'S EL-BADRI HOPES OIL MKT WILL RECOVER IN `REASONABLE TIME'
  • *OPEC OPEN TO DISCUSSIONS WITH NON-OPEC TO BALANCE MKT: EL-BADRI
  • *OPEC TO RESUME SWING-PRODUCER ROLE EVENTUALLY: EL-BADRI
  • *EL-BADRI SEES SOME OPEC UPSTREAM PROJECTS CANCELED

 

[3]

 

- advertisements -

Source URL: http://www.zerohedge.com/news/2015-01-26/oil-jumps-opecs-el-badris-200-barrel-sometime-comments

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11806
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150126_oil.jpg