July 11, 2016
While the monthly technical picture for crude oil remains bullish, there are some signs that the energy commodity is preparing to move lower. In my latest work for Seeking Alpha, I look at growing inventories, high levels of production and weakening refining spreads as a sign that oil could be heading for another downside correction. I have lowered my trading range for crude oil for the coming weeks by $5 per barrel due to weak crack spreads.
Article: Oil- The News Is Not Great
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