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SZO - Oil Price Outlook For 2020 Continues To Improve
DB Crude Oil Short ETN
With many emerging markets battling the deflationary force of low commodity prices, this fall’s crude oil rally is a welcome sign. Oil prices are threatening to break out above the benchmark $60 level, which would be good news for the world economy. In this report, I’ll make the case for being bullish on oil’s intermediate-term (3-6 month) outlook based on some rather timely geopolitical and fundamental developments.
After peaking at $77/barrel last November, oil prices have had a tumultuous 2019. The rebound from last December’s low price of around $45 to its April 2019 high