Salient to Investors:
Torbjoern Kjus at DNB ASA said the oil market does not look tight for the coming 5 years, spare capacity will rise, and prices will continue to trend lower.
David Lennox at Fat Prophets said all the key players on the demand side basically see muted growth, which will put significant downward pressure on crude prices.
Bloomberg says the MACD indicator on the daily chart has almost erased a premium to its signal line – investors typically sell contracts on a bearish MACD crossover.
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