Don’t Panic, Nothing Has Really Changed In The Oil Markets

Monday’s 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market. To the point: Demand is heading towards record levels both internationally and in the U.S. The Greek issue is not new and it has not changed. It is just popular now as deadlines are pushed. It will fade and its drag on oil prices will ease. The Chinese stock market is either correcting or crashing depending on who you listen to but to put it into…

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Don’t Panic, Nothing Has Really Changed In The Oil Markets

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