07.04.2016 - From crude glut to a balanced oil market?
How long it will take the oil market to bounce back is a frequently asked question by energy investors. According to one equity analyst, the answer is looking beyond the coming months. "I think [there's] very little visibility over the next six months," Kris Kelley of Janus Capital Group said Wednesday on CNBC's "Power Lunch." "But I think that if you step out beyond six months, it actually gets very visible." He contends that as supply comes off the U.S. market, if production reaches 8 to 8 ½ million barrels a day, oil will balance out by the end of the year...............................................Full Article: Source
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