The Bullish And Bearish Case For Oil
The risk to the oil market is that OPEC allows the supply balances to tighten too much, draining inventories far below what it had anticipated.
By Oilprice.com -- Nick Cunningham—— Bio and Archives--April 18, 2018
Global Warming-Energy-Environment | Comments | Back To Full Article
Oil prices could rise due to the “perfect storm of stagnant supply, geopolitical risk, and a harsh winter,” according to an April 12 note from Barclays.
Geopolitical events specifically could help keep Brent above $70 through April and May, which comes on the back of a substantial decline in oil inventories.
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