Second Half Of 2017 Will Surprise Bottom line
"The bottom line is this: Oil market fundamentals for the second half of the year will see demand outstrip supply by 1 million b/d, and possibly more if demand surprises to the upside as emerging market trade flows indicate. In addition, the consensus’s wildly bullish shale production growth forecast could disappoint leaving the oil market fundamentals much tighter than what the consensus is projecting. Lastly, volatile oil production in Libya and Nigeria are approaching their peak, leaving nothing but downside surprise for the second half."
"We continue to expect WTI to finish the year at or above $60/bbl."
https://seekingalpha.com/article/4087998-weekly-oil-markets-recap-second-half-2017-will-surprise?source=email_rt_author_readmore&app=1&isDirectRoadblock=false