T. Boone Pickens and Andy Hall say $100 won’t happen
Two of the biggest US oil bulls are backing down.
Today, billionaire oil investor T. Boone Pickens said he no longer expects crude to return to $100 per barrel. But he remains bullish in the medium term. He said crude will finish the year in the $55-$60 range. The problem is high US inventories and reserves, he said.
