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April 5, 2016

Oil Will Be Over $50 a Barrel by July 4th (Video)

By EconMatters


A strong API Report reporting over a 4 million barrel drawdown in Oil inventories, and a report out of Kuwait saying that an output freeze deal by major oil producers would proceed without Iran will be bullish for the oil market. We expect the short covering to begin tonight, tomorrow and for the next 8 days before the Doha Meeting.





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Item Reviewed: Oil Will Be Over $50 a Barrel by July 4th (Video) Rating: 5 Reviewed By: EconMatters