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Re: l_winthorpe post# 33

Friday, 11/03/2017 2:26:08 AM

Friday, November 03, 2017 2:26:08 AM

Post# of 58

Do you think that today's results bode well for an increase in oil prices?

This is strictly an opinion but no I dont expect much of an increase above the current price. There could always be some kind of unforeseen geo-political event that could push oil higher (or much lower) but barring that I think prices in the low to mid-fifty range for WTI crude is the new normal.

Domestic demand for gas & diesel fuels is still lagging supply.




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