Oil Prices Will Fall: A Lesson In Gravity
by Tyler Durden
ZeroHedge.com
05/19/2015
Our present situation is like that of the cartoon character Wile E. Coyote. The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil prices have risen based on sentiment alone. The fundamentals of supply and demand indicate a dismal reality: oil prices will fall and may fall hard in the near term.
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