Opec turmoil triggers brief return to $100/b oil - OP 2016

It's hard to imagine crude oil getting anywhere close to $100 a barrel as we end 2015 but Ole Hansen's 'outrageous predictions' have come true before. Saxo Bank's Head of Commodity Strategy suggests that aggressive moves by OPEC to limit supply could catch the market on the hop in 2016. Such a move he says could see investors scrambling to re-enter the market on the long side and when you factor in geo-political concerns such a prediction may not be so outrageous after all.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/opec-turmoil-triggers-brief-return-to-100-b-oil-op-2016-6619714?utm_medium=tf4-feed&utm_source=extract