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home / news releases / OIL - A Bullish Outlook For Oil Investors


OIL - A Bullish Outlook For Oil Investors

Even though crude prices have been falling recently, with investors racked by fears regarding global growth and rising US output, new data coming out suggests that any real degree of pessimism is misplaced. Thanks to a new report, courtesy of the EIA (Energy Information Administration), it is looking a lot more like this year will result in a global oil deficit and, next year, while leaning toward a surplus, will not be so bad as to warrant a downturn in prices. If anything, when all of the data is taken together, it looks more

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Stock Information

Company Name: iPath Series B S&P GSCI Crude Oil
Stock Symbol: OIL
Market: NYSE

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