25.03.2015 - Why oil could be going back to $70
Oil has fallen too far too fast, and benchmark Brent crude could be back at $70 or $80 per barrel, the CEO of Signal Investment Research said Tuesday. Stephen Davis said he sees oil prices bouncing $10 In the next three to six months and believes prices could go much higher. "The price of [Brent] oil has come down $55, which is a huge amount for the amount that we're oversupplied," he said. "People think it's just because we're oversupplied, but there's a lot of reasons why we're oversupplied, and those factors will reverse."..............................................Full Article: Source
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