Oil rally is in its seventh or eighth inning, energy analyst Tom Kloza says (via Trading Nation)
fell about 1% on Tuesday. The commodities returned to levels seen before last Thursday's U.S. airstrike that killed a top Iranian commander.
"I'm a little bit more worried about if there are soft targets or targets that have to do with transportation," added Kloza. "It doesn't take much to spook Americans into not driving. It doesn't take much to spook the Western world or even emerging markets to lay off of the transportation."it would collapse to $35 in 2015Now, he's predicting a front-loaded year with the highest oil prices happening now.
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