Oil Prices Will More Than Double by 2017

Oil prices have gone through one of the worst oil crashes in modern history.

Thanks to the confluence of three factors, oil prices fell from $107 in June 2014 to a 12-year low of $28 in February 2016.

But West Texas Intermediate (WTI) oil prices have rebounded by nearly 30% over the last month. And Money Morning Global Energy Strategist Dr. Kent Moors believes oil prices will more than double their current value by the beginning of next year.

Watch the video below to find out what's going to fuel this historic rebound in oil prices:

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