August 1, 2016

In an article published on July 11 I lowered my price range for crude oil due to weakness in oil product prices. In my latest piece for Seeking Alpha, I explain why a continuation of weak product prices, a higher dollar and increasing contango means that the price of the energy commodity is likely to continue drifting lower perhaps down to critical support around the $38.50 per barrel level.

Article: Crude Oil Weakness Not A Surprise

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