RE:Oil and gas under pressure I really think after over 3 months of consolidation now, oil prices are like a coiled spring ready to pop big time in the not too distant future in June.
WTI hit $63.50 Feb 24. I can see WTI busting through $67 and Brent $70 very soon. I would suggest a $3 bust through. WTI hits $70 and Brent $73.
This will inspire the next leg up for stocks to follow!!
Goldman Sachs are calling for a big run, and they aren't the most successful firm in the industry for nothing.
WTI $66.60 as I type.