“The emerging markets are consuming more and more oil all the time. The developing world consumes a little over 20 million barrels a day and they’re going to add one million barrels a day every year for the next 20 years. I don’t know where it’s all going to come from—the price is going up.”
Byron Wien, CNBC
April 7th
Related ETF`s: United States Oil Fund LP (ETF) (Public, NYSE:USO) and iPath S&P GSCI Crude Oil Total Return (Public, NYSE:OIL)
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