Skip to comments.Citibank: We’re Nearing A Bull Market For Oil
Posted on 07/12/2016 10:01:52 AM PDT by bananaman22
Citigroup is especially bullish on commodities in 2017, the bank says.
The oil market is treading water for now, but the oil price overshot to the downside earlier this year and this is clearly setting the stage for a bullish end to the decade, Citi analysts, led by Ed Morse, wrote in a research note published on July 11.
There is a quite a bit of volatility in commodity markets, especially for oil, but global demand continues to grow at a steady pace. Prices have crashed on oversupply, but with oil production going offline, particularly in the U.S., the markets could over-correct, creating the conditions for higher prices next year.
(Excerpt) Read more at oilprice.com ...
A boom in commodity prices, equates to increased demand world wide. Where is this demand coming from, when everyone is worried about deflation. I smell a stock pumping scheme.
Wonder if salaries across America will rise also for the average family to help fill the car tank for work and school? Most likely not.
You're a smart person. I think I'm going to hold off on a cash out refi...lol. Real estate is looking like a bubble again. Wouldn't take much to send unemployment from 5% to 7% within a year. Shoot, all the feds have to do is tweak their surveys...U-6 is still over 9.5%.
They trying to run the price up so they can sell?
Oil down 50% from last year pump prices not scam city still alive.
Yes, although it does grow every year, the oil demand, which in of itself surprises me when growth has severely slowed in China.
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