Why Another Oil Price Downturn Is A Distinct Possibility
by Nick Cunningham via OilPrice.com,
ZeroHedge.com
Jul 21, 2016
But another downturn in prices is also a distinct possibility, and one that looks a bit more likely than it did a month ago. At the very least, it will take quite a bit of time before a serious price rally arrives. “Fundamental headwinds are growing, supply-demand rebalancing is likely still a mid-2017 event, but tail risks are admittedly large in both directions, as geopolitics add to uncertainty,” Morgan Stanley concluded in a recent report.
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