US rate cuts will push oil up to $120

As long as the US Fed cuts rates and pumps money into the market - and as long as the dollar continues to fall - Garry White is going to keep buying oil. Even at these record-breaking prices.

I'm still a buyer of oil at today's price of $108 plus. In fact, I'm sticking my neck out and telling you I think that WTI contracts are going to hit $120 and it's going to happen soon.

It's all down to the dollar.

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