Commodity Trade Mantra

Posts Tagged ‘American Shale Revolution’

Market Fundamentals Make Oil Price Increase Unlikely

Fundamentals haven’t changed much & the world is still oversupplied with oil. There are no obvious signs that this trend will reverse in the near future. The worst case scenario, according to the investment bank Goldman Sachs, is that oil prices will drop to as low as $45 per barrel in the next three months.

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