Can OPEC Control The Oil Bulls?

30 Sep 2017   Prices

Brent flirted with $60 per barrel this week, but it might have to wait a little longer. After hitting the highest price in two years mid-week, Brent declined on Thursday after looking a bit overstretched. The price gains have been a little too much in such a short period of time, raising the risk of a downslide. “We’ve made a really impressive run here and I do think we’re due for a pullback,” Robert Yawger, director of energy futures at Mizuho in New York, told Reuters on Thursday. Is $80 oil possible? There is quite a bit of disagreement about what happens next with oil prices. One notable call comes from Jodie Gunzberg, head of commodity and real asset indices at S&P Dow Jones Indices, who told CNBC […]

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