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It looks as if WTI crude oil has made a bottom as it started to move today. ITZ was early in entering the WTI oil trade via Proshares UCO, but sees oil hitting $100 this fall and cocontinues to hold to a $120 early in 2012. Great report from Platts today --' Despite the price fall, a well-known bull still sees a tight market.' The Barrel: read report
Boone Pickens, of BP Capital Management founder/CEO with his take on the oil markets and how this period of volatility plays into the demand and development of alternative fuels.