Boone Pickens, BP Capital founder, provides his predictions on natural gas prices.» Read More
SAN FRANCISCO, March 24- Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year. "I think you could very well be at $100 a barrel by the end of 2016," the 86- year-old billionaire and chair of BP Capital told an audience of about 100...
NEW YORK, March 24- Tumult in Libya, U.S. rig counts, production plans of the oil exporting cartel and a pact on nuclear relations with Iran can all affect crude supply and demand, but oil traders have kept an equally close watch on retail investors in recent weeks. Right now, the U.S. Oil Fund, one of the best-known of these products, holds about 60,000 crude oil futures...
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