Jun 16, 2014

Oil Prices Are Going Higher

We have broken out decisively and the path of least resistance is up. Of course, if we do get any kind of disruption of these oil wells in Iraq, its going to be way up. But even if nothing bad happens there, prices are still headed higher.

Related: Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), United States Oil Fund LP ETF (USO);

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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