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Is NYMEX Crude Oil Heading For $55 Per Barrel?

Is NYMEX Crude Oil Heading For $55 Per Barrel?

September 15, 2017

Projecting the future price of crude oil involves solving a giant jigsaw puzzle consisting for many moving market pieces including macro-economic and political forces as well as market structure for the energy commodity. In my latest piece for Seeking Alpha, I bisect and dissect crude oil’s market structure and explain why I believe the process adds up to an extension on the upside for the price of nearby NYMEX crude oil futures and why the price could be heading for the $55 per barrel level sooner rather than later.

Article: Is NYMEX Crude Oil Heading For $55 Per Barrel?

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