Wilbur Ross's Prediction For Oil: Things Could Get Messy

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Jan 26, 2015
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Wilbur Ross (Trades, Portfolio) is very interested in the busted bonds of companies involved in horizontal shale production in North America.

That doesn't mean that he is bullish on oil, in fact, he is far from it. He sees oil prices remaining depressed through 2016 when it finally rebounds to $70.

He does not believe we are heading back to $100 oil.