Oil above $150?… Bloomberg – Commodity Research Group

July 9, 2018 by Jim Colburn Leave a Comment

Ben Sharples, Bloomberg, reports on Sanford C. Bernstein’s suggestion that +$150 is possible:

“Investors who had egged on management teams to reign in capex and return cash will lament the underinvestment in the industry,” the analysts wrote. “Any shortfall in supply will result in a super-spike in prices, potentially much larger than the $150 a barrel spike witnessed in 2008.”

There is more here: https://www.bloombergquint.com/business/2018/07/06/oil-spike-above-150-feared-as-investors-demand-cash-over-growth

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.

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.

Reader Interactions

Leave a Reply Cancel reply