There are bearish signals ahead for oil prices in part due to declining inventories, though anything above $65 per barrel is unlikely, Societe Generale said. “Due to significantly larger 2017 stockdraws than previously expected, the fundamental starting point for the 2018 outlook has become more bullish,” Soc Gen said in an emailed research note. Traders are watching economic trends, oil production in the United States and global crude oil inventory levels to gauge what happens next for oil prices. For balance, inventories for the major industrial economies of the Organization for Economic Cooperation and Development are down considerably from recent highs, but still 119 million barrels above 2010-14 average levels. The draw on global crude […]