Gundlach: Oil Could Hit 150 This Summer Advisor Perspectives
Gundlach chose it because, he said, "it is not unusual for markets to get unusual.". But it would not be that unusual for WTI to hit 150/barrel. It peaked at 140 in 2008, during the great financial crisis. Adjusting for inflation, that would be greater than 150 today. WTI closed at /barrel on the day he spoke.