Thursday, November 17, 2016

Crude Oil (WTIC) Will Continue To Fall

Peter Tertzakian: Oil to submerge below US$40 if price war drags on

Millions of barrels of excess crude oil are weighing down tankers that are being filled from pipelines coming from fields where rows of overworked pump jacks are bobbing their heads up and down like spooked horses. Oil markets are spooked again, too. In the absence of output restraint – a return to some sense of prudent…