| Volatility in commodities will continue as long as Saudi Arabia's next moves are unclear, RBC Capital Markets' chief commodities strategist told CNBC on Wednesday. Meantime, Helima Croft said, she expects "a rough six months."
In an interview on "Squawk on the Street" Croft said she thinks the Saudis will be prepared to keep prices down only for the next six months to "bleed out as much non-OPEC oil production as they can." "We have a situation where the crown prince's son is quite senior in the oil ministry, and there are some reports in The Wall Street Journal that he's not entirely happy with the lower-for-longer strategy. So I think we should look if there is a shift in Saudi strategy," Croft said..............................................Full Article: Source
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