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Hamilcar54

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Hamilcar54

Re: fingolf post# 9486

Tuesday, 06/14/2016 1:38:22 AM

Tuesday, June 14, 2016 1:38:22 AM

Post# of 25804
With oil at 50$ rigs are being deployed again in the US. The rig count is up for the last 2 weeks.
So it looks like 50$ is the tipping point, this makes it unlikely that oil will rise much further in the short term.
The OPEC report released yesterday indicated that by year end the oil market will be in balance again.
So my guess is it's a lost year for us=another year of waiting for something to happen.
Bring on 2017...
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