Brent Oil Price Highly Likely to Move Above $100
'It is now less than $5 per barrel away from that level and only noise is needed to bring it above'.
Source: rigzone.com
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Oil Market is Bewildered
'The latest action from Saudi Arabia, if it drives the oil price to $100 per barrel or higher, must indeed lead to political heat from the U.S.'.
Source: rigzone.com
Saudis Have No Good Reason to Drive Oil Up to $100
Saudi Arabia has no good reason to drive the oil price up to $100 per barrel, according to Bjarne Schieldrop, the Chief Commodity Analyst at SEB.
Source: rigzone.com
Analysts Say These Factors Should Help Physically Tighten Market in Q3
'Rallies have been capped by short sellers and generally bearish macro sentiment'.
Source: rigzone.com
Why Aren't Oil Prices Higher?
'Despite expectations of a looming oil market deficit, prices have remained surprisingly low'.
Source: rigzone.com