So much for that short rally above 60 dollars a barrel - oil has returned to 50 bucks - and all that short term bullish energy is getting taken out. Is this for real or will another rally soon begin?
I think the Iran deal (if it holds) will keep a cap on any rallies. Don't buy oil hoping to see 65-70 bucks a barrel any time soon.
I think the Iran deal (if it holds) will keep a cap on any rallies. Don't buy oil hoping to see 65-70 bucks a barrel any time soon.