GREY:TBTEF - Post by User
Post by
TKingadvisoron Jun 05, 2016 6:52pm
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Post# 24936035
Saudi Aramco Raises Oil Pricing Amid Robust Demand
Saudi Aramco Raises Oil Pricing Amid Robust Demandhttps://www.bloomberg.com/news/articles/2016-06-05/saudi-aramco-raises-most-asia-crude-pricing-amid-robust-demand Oil should start trending upward from here. However, you should be expecting market correction or retest of $45 before heading toward to $60 by year end. I think the Fed will delay rate hike due to weakness in the job market so that is another bullish signal for oil. TBE will survive in $40-$60 oil enviroment.