Whats Affecting Oil Prices This Week Feb 13 2017
John Paisie, executive vice president with Stratas, expects geopolitical tensions stemming from North Korea will affect this week's oil price outlook.
Stratas Advisors, oil prices, Hart Energy, Brent, West Texas Intermediate, WTI, OPEC, shale, supply cuts, tensions, United States, US sanctions, Iran, rebound, drillers, rig count, bullish investors, commodity prices
For the upcoming week: OPEC supply cuts, rising tensions between the U.S. and Iran, a rebound for U.S. shale drillers and bullish investors.
For the upcoming week we are forecasting that the price of Brent crude will trade between $54.50 and $56. Here's why.
Donald Trump, president, executive actions, Dakota Access, Keystone XL, pipelines, energy, oil, natural gas, Jeff Quigley, Stratas Advisors, Hart Energy, Oil and Gas Investor, video
President Trump signed executive orders on Jan. 24 to accelerate the Keystone XL and Dakota Access pipelines, coming through on his campaign promise to progress energy infrastructure projects.
Brent crude is forecast to trade in the range between $55 and $56. The Brent-WTI differential is projected to trade between $2 and $2.75 with respect to the March contract.
For the upcoming week, Stratas Advisors is forecasting that the price of Brent crude will move sideways.
Hart Energy's Digital News Group Managing Editor, Len Vermillion, summarizes what we’ve been hearing from analysts in the wake of Donald Trump's election to president of the United States.
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VIENNA, Austria--Despite a flurry activity at the 169th (Ordinary) OPEC Meeting, little has changed. Stratas Advisors’ director of energy markets Jeffrey Quigley reports from Vienna, Austria, that member nations continued to have conflicting...