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Oil investor T. Boone Pickens sees oil rising to $55-$60/barrel by end of year

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Oil investor T. Boone Pickens believes the price of oil will rise to a range of $55 to $60 a barrel by the end of the year, he said in an interview with Reuters on Monday.

Pickens, who chairs investment firm BP Capital Management, said he does not see crude rising to $100 a barrel, however, because of the size of U.S. reserves. He is appearing Monday at the Concordia Summit in New York.

TAGS: Oil, Crude 


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