3 reasons why oil could rally… Oil Price

December 28, 2020 by Jim Colburn Leave a Comment

Alex Kimani, Oilprice.com, lays out a bullish case for oil, here…

“#1. Covid-19 Vaccines A big reason why the energy sector ranks has emerged as the best performer over the past few weeks is a flurry of potential Covid-19 vaccines becoming available….

#2. Stimulus Package After all the predictions of doom and gloom, the global economy appears to be recovering from the devastating pandemic at a faster-than-expected clip. Indeed, a handful of sectors of the U.S. and other economies have actually bounced back to pre-crisis levels of activity. A key reason for the fast recovery: Unprecedented stimulus packages….

#3. OPEC+ Agreement…

There is more at the link…

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Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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