HomeBusinessEnergyAbraham: Oil Likely To Hit $200 A Barrel Within Next Year
Abraham: Oil Likely To Hit $200 A Barrel Within Next Year

"The oil price could hit $200 a barrel within the next year, which would translate to $10 a gallon at the pump. Investors are not stepping up on a global scale to meet immediate demand for oil and gas. Despite growing energy demand, there are fewer working oil and gas rigs today than before the pandemic," says Salem Abraham. Abraham states that people should invest in CTAs and alternatives to take advantage of volatility, as well as crude oil futures and gasoline call options. The Abraham Fortress Fund (FORTX) is a 5-star fund that is designed to protect capital by combining traditional and alternative investments and capping equity exposure.

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