Bill Gilmer,Forbes
final fall, it seemed the end of the global oil glut was already at hand, or when optimism soared after OPEC's commitment to speed the process by limiting production. Oil prices were expected to quickly move to $55 and $60 per barrel,and then continue climbing in 2017. The rig count rose, and jobs began to return throughout the oil patch.
But it has since become another deceptive start for oil markets. Oil prices remain mired between $45 and $50 per barrel, and price expectations measured by the futures market for West Texas Intermediate own fallen back to levels well below those that...
Source: realclearenergy.org