Matt Badiali is a financial analyst who has made a name for himself for his ability to spot natural resource companies with huge potential. His educational and training background as a geologist has enabled him to pick investments that have helped make his subscribers great return rates. He has recently taken notice of the ongoing rise in the oil prices. Matt Badiali and other financial analysts now believe that the price for a barrel of crude oil could hit $100, a level not seen since oil took a nosedive in 2015. One of the current drivers for the price of oil has been that sanctions on Iran will take into effect in November. Companies will be forbidden to purchase Iranian oil, which will mean less supply for the oil market. Some analysts believe the sanctions will remove approximately one million barrels from the oil market.
Investor confidence has also been a driver in the price of oil. If the US economy continues to boom, there will be more fuel consumption. Most analysts are still very optimistic about the state of the US economy and believe that oil could continue to rise. As sentiment for oil prices becomes more bullish, more speculators and money managers will be drawn in. There are some traders who are expecting the rising oil prices to be a hindrance to economic growth in the US. Higher oil prices are going to mean pain for the average American when they must fill up their vehicles with gasoline.
High gasoline prices could also put pressure on the Trump Administration depending on how much pain there could be at the pump. Matt Badiali has been anticipating higher oil prices for some time now. He increased his name recognition when he started to promote “Master Limited Partnerships”. Many MLPs are involved in the oil and gas industry and he has stated that in the long run, higher oil prices will make many of these companies even more profitable. If Matt Badiali is correct about the future of oil prices, many of his stock picks that are related to the oil industry will be fantastic investments and provide phenomenal return rates for investors.