Crude Oil Report - May18
May, 07, 2018 By Saandhy Ganeriwala 0 comments
7-May-18: Brent 75.41; WTI 70.32
In the backdrop of Brent and WTI both achieving new highs, we explore when our predicted bearish turn could happen. For the first time, we explore EIA’s Demand-Supply balance forecasts and also introduce a new Data View Section containing Production, Demand and Inventory data. Our projections for Dec ’18 are significantly revised.
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Saandhy Ganeriwala
Saandhy is a postgraduate in Economics, but like all good market-men, he seeks confirmation from technical analysis charts for his macroeconomic ideas. His research is a good mix of charts, stats and econ. Apart from that, he calls himself a news junkie and an occasional writer.
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