Destroying the Output Freeze and Elevated Oil Price Narrative

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Destroying the Output Freeze and Elevated Oil Price Narrative

Postby kreslik.news » Wed Aug 24, 2016 12:21 pm


This article was written by Idan Levitov, head analyst for anyoption.com.

Although jawboning from OPEC member states has been enough to squeeze market shorts and bring oil prices back above $40.00 per barrel over the last few weeks, these remarks remain a minor distraction in the bigger picture outlook for the energy complex.  Ignoring the commentary and focusing on the fundamentals shows that inventories remain significantly elevated across the globe, with a new glut emerging in refined products as the impact of Chinese teapot refining exports are felt at ports around the world.

[b]Join the industry ... ([url=http://www.financemagnates.com/forex/bloggers/destroying-output-freeze-elevated-oil-price-narrative/]read more)

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