Oil can bounce back to $100 a barrel in a year: Pickens

Posted on November 12, 2008
Filed Under Global happenings affecting Indian Economy |

NEW YORK (Reuters) - Oil tycoon T. Boone Pickens said on Wednesday that crude prices may be near bottom and could bounce back to near $100 a barrel a year from now.

Pickens, in an interview with CNBC, also said his hedge fund was down $2 billion since July and that he had taken the money from his equity fund and put it into cash.

source: Reuters

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