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Crude Oil Divergence And The Case For A New High In 2017

Crude Oil Divergence And The Case For A New High In 2017

October 13, 2017

This week, data from the API and EIA on oil inventories diverged as the price of the energy commodity remains above its $50 per barrel sweet spot. In my latest piece for Seeking Alpha, I outline my thoughts on crude oil and explain why I continue to believe it is heading for a challenge of the 2017 highs at $55.24 per barrel and is in a position to put in a marginal new high for this year.

Article: Crude Oil Divergence And The Case For A New High In 2017

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