CNBC Stock Blog
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Correction Coming When Fed Ends 'Easy Money': Market Pro
- Risk Is More 'Enticing' Now: Chief Economist
- Olin Options Indicate a Rebound
- S&P to Finish Above 1,100 by Year-End: Market Analyst
- Smartphone Landscape to Change Dramatically in Asia
- This Bear-Market Rally Has 'Turned': Elliot Wave's Hochberg
- Expect 33% Earnings Increase in 2010: S&P’s Sam Stovall
- Art Cashin: Fed 'Doesn't Believe' the Recovery Yet
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Tommy Lee, Medical Tourism and Nasty Santa, Your Emails
- U.S. Markets Gain 3% for the Week Despite 10.2% Unemployment
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Stimulus II? Jobs Tax Credit=Cash For Clunkers
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Is Misery Alive And Well in Your Office?
- Consumers Haven't Changed, They Are Just Pickier
- Sweeping Health Care Overhaul Bill Passes House
- For the Jobless, 10% is Harder Than Before
- Week Ahead: Stocks Search for Catalyst in Quiet Week
- Outlook: Dollar Likely to Ride Higher on Bleak Jobs Report
- Geithner: More Stimulus, Not a Bank Tax
- Windfall is Seen as Bank Bonuses are Paid in Stock
- Buffett's Berkshire Hathaway Says Net Income Tripled
- Cramer: Earnings, IPOs Dominate Next Week
- Buying Fear: How to Own Volatility
RSS FEED
Text Size 
CNBC News Associate
Expect more energy price volatility price ahead, said Mark Waggoner, president of Excel Futures, and Rachel Ziemba, analyst at RGE Monitor.
“Oil prices could go to $84 within the month,” Waggoner told CNBC. “And then pull back as low as the $55 range. In the next two years, demand is going to pick up and oil will head up to the highs again.”
Waggoner said average gasoline prices will likely top $4 a gallon at the pump and suggested investors should buy it.
Ziemba said the change in demand of oil is not significant, but expects energy price volatility in the future.
“If we look at the global economy, we still see an economy that may not be bottoming out yet and the recovery is sluggish,” she said. “There is a risk that as oil prices and oil product prices edge up, it could choke off a recovery and make it harder for us to return to a sustainable growth.”
Disclosure:
No immediate information was available for Waggoner or Ziemba. ______________________________
______________________________
Top Energy Companies:
ExxonMobil [XOM
Loading...
()
]
Chevron [CVX
Loading...
()
]
ConocoPhillips [COP
Loading...
()
]
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes