Risk premium in middle east is rising, inducing restrains in the supply part of the equation.
Demand problem due to the economic downturn is overrated.
Shale oil induced additional supply of Oil still puts a fair value of Oil at around 60/barrel as some macro analysts suggests and the 200EMA line confirms it.
Demand problem due to the economic downturn is overrated.
Shale oil induced additional supply of Oil still puts a fair value of Oil at around 60/barrel as some macro analysts suggests and the 200EMA line confirms it.