Slugcatcher and the coming rebound in the oil price 

TOO far, too fast. That was the story of oil rushing up to last month’s peak of US$86 a barrel as measured in Brent crude, and unless Slugcatcher is misreading his tea leaves it was repeated in last week’s plunge to $65/bbl.

Slugcatcher and the coming rebound in the oil price  Slugcatcher and the coming rebound in the oil price  Slugcatcher and the coming rebound in the oil price  Slugcatcher and the coming rebound in the oil price  Slugcatcher and the coming rebound in the oil price 

What factors might drive the price up again?

What happens next, if you accept the too-far, too-fast argument, is that the $21/bbl fall in just 40 days to last Tuesday will reverse with a price in the mid-$70/bbl range the likely result, ...