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Commodities Briefing - Categorized | Oil, Price Watch more

Oppenheimer says betting on higher oil prices may be catastrophic

Posted on 23 January 2014

Oil prices have steadily moved up for years, and the energy trade has been one that has made many investors happy. With production increasing in the United States at a record pace, the energy analysts at Oppenheimer are convinced that the days of $100+ and even $90+ oil are over.
They also believe that the days of tremendous rising revenues and profits at the major integrateds, as well as exploration and production (E&P) companies, may be over as well………………………………………..Full Article: Source


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VRS - who has written 47813 posts on Opalesque Commodities Briefing.


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