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Title : Crude Oil To Stay In $50-Trading Range For Next Two Years -- Analyst -- July 19, 2017
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Crude Oil To Stay In $50-Trading Range For Next Two Years -- Analyst -- July 19, 2017

This analyst was almost named a nominee for the Geico Rock Award for 2017 but if I included him/her, I would have to include a gazillion more analysts who completely missed this over the past couple of years. So many analysts suggested that US shale could not make up for all the projects delayed or cancelled due to low price of oil.

Over at CNBC: the analyst noted that global oil supply increased by 720,000 barrels a day in June as OPEC compliance with its production cuts seemed to stall. Oh,  yes, the OPEC cut (wink, wink).

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