Post by
makedonka on Mar 31, 2017 8:52am
Above $50 to Stay?
"Crude oil came in like a lamb, can it go out like a lion? Oil prices closed back above $50 a barrel, potentially negating the downside break down we saw in early March. The breakdown happened because of a shocking increase in oil supply and is coming back because action by the OPEC cartel may soon extend production cuts and put quotas on everyone. Could this make that so-called record inventory a distant memory?"
https://blog.pricegroup.com/2017/03/31/above-50-to-stay-the-energy-report-033117/