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The oil trade is no longer intriguing, T. Boone Pickens says

The oil trade is no longer intriguing, T. Boone Pickens says

Business
Jan. 12 (UPI) -- After a "roller coaster ride" that saw $ 100-per-barrel swings in crude oil prices, tycoon and former oil man T. Boone Pickens said he's bored with trading oil.The 89-year-old investor, who nine years ago launched The Pickens Plan, designed to drive the U.S. energy sector away from its dependence on foreign oil, said in a statement he was shutting down his oil- and gas-commodity focused BP Capital.Launched after he left Mesa Petroleum in the 1990s, Pickens said he's seen oil move from $ 10 per barrel, up to the $ 150 range and as low as $ 26 per barrel in early 2016. The price for Brent crude oil, the global benchmark, hit $ 70 per barrel for the first time since December 2014 in Thursday trading, but is now back below $ 69 per barrel."It has been one hell of a roller coas...