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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (32059)	7/28/2017 2:43:35 PM
From: Goose94	Read Replies (1) of 203540

Crude Oil: to drop below $40 in 2018. Unless OPEC makes deeper production cuts, oil prices are in danger of falling below $40 per barrel in the first quarter of next year, according to JBC Energy GmbH. The consultancy sees oil prices trading between $45 and $47 later this year, but then it gets “very tricky,” as demand slows. “If OPEC stays the same and we have the same output restrictions even in the first quarter, we’re looking at a lot of surplus in the market,” Richard Gorry, managing director at JBC Asia, told Bloomberg. “To really tighten the market, OPEC will have to cut more, and I don’t know if they want to do that.”

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