| Crude oil prices are volatile right now, amid crosscurrents, conflicting fundamentals, and dealing with “the unknown.” For crude futures, this is currently the normal environment in which we traders attempt to determine the future price of oil. One could easily make a bullish case or a bearish case for crude oil prices , each certainly with profound investment ramifications. But which is the more compelling argument now?
The bull case is centered around crude oil supply. There is only so much supply available to the world on a daily basis in the “perfect” scenario; currently about 86 to 87 million barrels per day.............................................Full Article: Source
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