Commodity Trade Mantra

Posts Tagged ‘Oil Bulls’

Why Oil Prices Will Rise And Many Will Be Caught By Surprise

Oil industry investment is far below levels required just to replace production. The only thing that will change the vector of these declines is lots of spending, and the only thing will spur lots more spending is higher oil prices. Just like all the oil bulls had to be run out during the declining price stage, all the price bears will be run out when fundamentals hit them over the head.

The Current Rally In Oil Prices Is Reaching Its Limits

Oil prices have climbed by about 50% from their February lows, topping $40 per barrel. But now, with oil traders taking the most bullish positions in months while the fundamentals still have not shifted in a correspondingly significant fashion, traders have set up the conditions where oil prices could snap back to the downside.

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