The Energy Space
Energy Price Outlook
Oil prices are expected to generally trend lower over the next few weeks, with WTI potentially falling toward $80/bbl and Brent toward $100/bbl. The prospect of sub-par economic growth should remain a negative catalyst along with potential increases in carbon and alternative energy legislation, weak signs of investment in oil futures, and high levels of oil stocks and production. Support will be offered by potential progress in fiscal cliff negotiations, progress in Europe, and from the possibility that the Chinese economy recovers....1720 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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