Commodity Trade Mantra

Posts Tagged ‘Oil Analysts’

Is Putin’s Support For An OPEC Freeze A Game Changer for Crude?

The array of comments from OPEC and Russian officials over the past week could signal that a real effort might be underway to reach a deal on freezing production. Iraq would support a deal; Iran will attend the meeting & the potential for an OPEC deal received an endorsement from a surprising source – Russian President Vladimir Putin threw his weight behind a production freeze.

Here's Why Crude Oil Prices Could Keep Climbing

Stocks took a beating yesterday. But crude oil continues to push to new 2016 highs, topping $48 for the first time in nearly five months. No one is cheering as it sneaks higher week after week. Where were these oil bears when crude was trading north of $100 in early 2014? And more importantly—where are the crude oil bulls right now as this disbelief rally continues?

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