Drop in oil prices likely a buying opportunity, strategist says

Описание: Oil prices (BZ=F, CL=F) have slid down about 3% this week as some of the tension in the Middle East has eased after escalations as Iran targeted Israeli military bases. Oil production seems to remain continuous as none of the recent attacks have touched production facilities. Will this decrease last or could prices go back up to all-time highs?
Path Trading Partners Co-Founder Bob Iaccino joins Yahoo Finance to discuss the potential for oil prices to spike and what would bring about those price increases, including recent geopolitical tensions.
Iaccino affirms: "You're talking about geopolitics to get $200 a barrel. That's what gets these surprise shocks and sustainable shocks, depending on the assessed damage... We're talking about a military strike that disrupts supply. Then that would get us somewhere near that one hundred dollars and possibly exceeding its, depending on what that disruption would be..."
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