Bottom In Brent As Bears Reach Extremes
Oil & Gas / Global / Wed 28 Jun, 2017
With all the negative news factored into prices and with sentiment at bearish extremes, the risk to prices over the coming months lies to the upside.
Brent crude has had a torrid 2017, falling from a high of USD57.10/bbl in January to USD44.82/bbl June. Returning barrels from Libya and Nigeria, a rampant US shale recovery and disappointing Q117