A new report by Imperial Capital analyst Bob Christensen focuses on the latest developments in the energy sector. Imperial’s outlook for the space centers on the firm’s believe that crude oil prices are poised for another breakout to the upside in the next few months.
Headlines Rule
According to the report, headlines about Greece and Iran will likely continue to drive oil prices in the near future. Christensen believes that this trend will likely continue until “something more meaningful” happens that affects the global oil supply/demand balance.
Passed The Peak
Christensen believes that the worst of the global oil oversupply glut has…
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