Weekly Fundamental Oil Price Forecasts – IEA, OPEC Demand Forecasts Offset EIA’s Bullish Output Drop – Yahoo Finance

Weekly Fundamental Oil Price Forecasts – IEA, OPEC Demand Forecasts Offset EIA’s Bullish Output Drop – Yahoo Finance

The benchmark US West Texas Intermediate and benchmark Brent crude oil futures stabilized higher last week, but the increase was a bit misleading. The extremely tight trading range suggests a lack of bullish conviction despite the rally. Additionally, the markets traded within the range of the previous week, which is hardly a bullish sign. Typically, internal movement indicates investor…

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