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T. Boone Pickens says call for $70 oil by year-end isn’t dead yet

Bloomberg
T. Boone Pickens says his $70 oil call isn’t dead.

Prominent oil wildcatter T. Boone Pickens isn’t giving up his ambitious bull call for crude-oil prices. In a Thursday op-ed for CNBC, Pickens admitted that with two and half months left until the end of the year, and crude prices hovering in the vicinty of $50, his call “isn’t looking good.”

West Texas Intermediate crude oil for November delivery CLX5, +3.12% was up 63 cents, or 1.3%, at $48.44 a barrel early in Thursday trade, while Brent crude—the international benchmark for oil—was 72 cents, or 1.4%, higher at 52.50 a barrel. Those...


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