In a new report, Macquarie Research analyst Vikas Dwivedi explains why the firm believes that crude oil's recent rally will be short-lived. Although the firm remains positive on oil in the medium-to-long-term, Dwivedi believes it's headed back to the $30/bbl range before its ultimate move higher.
According to Dwivedi, the more than 50 percent surge in oil prices in recent weeks has happened despite lingering fundamental weakness in the oil market. Instead, Dwivedi believes the rally ...
/www.benzinga.com/analyst-ratings/analyst-color/16/03/7764732/macquarie-oil-will-fall-to-low-30s-again alt=Macquarie: Oil Will Fall To Low $30s Again>Full story available on Benzinga.com
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