Oil to $140 by June -- Bank of America Merrill Lynch

Last night before going to bed I added this statement to this posting:

One almost gets the feeling there is a self-fulfilling prophecy to get oil to $120. 

It is interesting that this morning I wake up to this story:

• Oil prices could temporarily break through $140 a barrel in the next three months due to the political situation in the Middle East, the Bank of America (BofA) says in its latest weekly Merrill Lynch global report on energy. 

I think "we" are talking ourselves into $120 oil or higher. The guys that write these articles have years of experience. It's hard to argue against them.

And whether one agrees or not, the fact is that a major bank / investment house is making decisions and recommendations based on oil going to $140. 

I see oil is up slightly today (futures).