Drilling 36265 640

Three Reasons Oil Is Likely Heading Back To $50

June 15, 2017

Sentiment in the crude oil market continues to be negative as the price has traded down to the bottom end of its trading range in 2017. In my latest article for Seeking Alpha, I explain the three reasons why I continue to believe that the energy commodity will find a bottom, sooner rather than later, and why it is likely to continue trading around the sweet spot price of $50 per barrel for the rest of this year and into the first quarter of 2018.

Article: Three Reasons Oil Is Likely Heading Back To $50

Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities

Leave a Reply