Crude spreads indicate balance in late 2017… Kemp, Reuters

December 8, 2016 by Jim Colburn Leave a Comment

Any article that mentions Holbrook Working is worth reading:

http://www.reuters.com/article/oil-stocks-kemp-idUSL5N1E33C3

Here is Kemp:

“Crude traders expect the oil market to begin tightening and gradually move into deficit, but the shift is not forecast to occur much before the second half of 2017.

The expected timetable for rebalancing is revealed by the changing relationship between Brent futures prices for different months in 2017 and 2018.”

Here is his chart:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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