February 17, 2017
Since the middle of December, NYMEX active month crude oil futures have traded in less than a $5 per barrel range. In my latest piece for Seeking Alpha, I explain why it is likely that the energy commodity will continue to trade within the current band of prices and why increasing inventories in the U.S. are offset by the prospects for rising demand while OPEC will stick to its output cuts which is a departure from past behavior but an imperative in the current environment.
Article: Crude Oil- A Holding Pattern
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