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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (32371)	7/28/2017 8:24:25 PM
From: Goose94	Read Replies (1) of 203517

Crude Oil: Josef Schachter on BNN.ca Market Call. I remain in the bearish camp expecting that we will see WTI crude oil breach US$40/bbl once the summer driving season ends. Between demand falling by 1.0Mb/d once the summer driving ends and the weaker fall shoulder season arrives, as well as OPEC’s excess production of 1.0Mb/d, it appears that a notable rising glut will be seen. Also, U.S. production continues to rise despite crude prices falling nearly US$10/bbl to US$45/bbl.

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