Once prices topped $24 a barrel, many funds achieved their objective and started selling, he said.
As Christmas nears, the price will top $100, he said.
In October, the price of oil briefly topped $40 a barrel.
Other prices on the list rarely dropped below $25 and only occasionally topped $40.
During trading, the price topped $32 a barrel, its highest level in 22 months.
On the first day, the price topped $19.
It seemed unlikely they could afford it, should the price have topped €400 million.
Within a few months, the price topped three million yen.
The price of oil yesterday topped $26 a barrel, the highest level in almost three years.
She dropped out when the price topped $3,000 and each jump was $500.
