The long-dated futures contracts, which are more telling than spot prices (dailies), say that it's not really a good bet that oil will decline much more, or that it will rebound quickly. In other words, the truth lies somewhere in the middle ... a bottoming process seems to have begun, but bottoming processes can go on for months.
Submitted February 12, 2015 at 02:22PM by dag_1996 http://ift.tt/1uKsZKy
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