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Oil Outlook: People will be buying Crude by the end of the year

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Marcus Ashworth, Chief Market Strategist for Haitong Securities, was joined by Malcolm Graham-Wood, Oil Analyst and Malcy's Blog, to discuss the fundamental situation behind the current oil market, the supply and demand, as well as whether, when and how the oil price will turnaround. Key Points: The US are producing just over 9 million barrels per day, although some Shale production will be coming off and we can expect the production cuts coming though in the next year. Saudi Arabia thought

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