OPINION

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
What factors might drive the price up again?

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, and perhaps...

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