| Crude oil may have rallied more than eight percent this week and is trading near 2004 lows, but it doesn't mean we've seen the bottom in the market. In fact, the recent bullish trend could be short-lived in 2016.
RBC Capital Markets' Global Head of Commodity Strategy Helima Croft outlined three potential scenarios for WTI crude on CNBC's "Fast Money" for the new year. The most bullish situation would be seeing more than a million barrels of oil pulled off the market and prices averaging in the $60 dollar range...............................................Full Article: Source
|