Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks.
Crude prices had been under pressure since peaking in March, as investors fretted about the impact of China’s Covid-19 lockdown on global growth and a potential recession in the U.S. But after getting knocked down as low as $94.29 on April 11, the price of oil has been steadily rising, while making higher highs and higher lows.
What's your reaction?