Stocks Crushed As Morgan Stanley Says Oil to $150 By July 4th, Exxon (XOM) Jubilant

Morgan Stanley’s oil target is now officially bigger than yours: $150 by July 4th. And this has helped drive oil up over $6 to more than $134. Needless to say, stocks are getting clobbered (With the exception of ExxonMobil (XOM), which is off only slightly).

Just another natural progression of tight supply and increasing demand? Or more “speculation”? Our answer is a combination of both: a short-term spike riding on top of a long-term upward trend.

Clusterstock on the Great Oil Debate:


Goldman Oil Bull: I’m Not A Crackpot

Boone Pickens: Why Oil’s Going Straight to $150


Goldman Oil Bull a Nutcase: Crash Coming Soon

Oil Crisis Solved: Montana Governor Sees 40 Billion Barrels Ready To Drill (XOM

Oil a Classic Bubble, Detached From Reality, Like Houses, Dotcoms, and Tulip Bulbs


The Donald Speaks: President Trump Would Tell OPEC Who’s Boss, US Screwed at $125 Oil

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