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Benzinga
Benzinga
Business
Shanthi Rexaline

As Oil Prices Skyrocket, Cathie Wood Admits She Got 'Supply Shock Wrong' With $10 Forecast

Cathie Wood Ark Invest United States

Crude oil prices have been on the rise ever since the Russo-Ukrainian crisis unfolded amid fears of supply shortages. Late Sunday, the WTI oil futures touched an intraday peak of $130.333, the highest since mid-2008.

As the price of oil soars, money manager and Ark Invest founder Cathie Wood took to Twitter to clarify the $10 price prediction she issued for oil in July 2020.

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