Crude Oil Weakness Not A Surprise

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

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s