Steen Jakobsen believes that oil prices will gradually move higher towards $40-50 on average for the year. But before then WTI may drop to $20 and that may not be the worst thing to happen he says. Jakobsen also explains why the low oil prices are having such a negative impact on risk sentiment in the market.
from Steen Jakobsen - Authored content https://www.tradingfloor.com/posts/jakobsen-why-oil-at-20-may-not-be-such-a-bad-thing-7138517?utm_medium=tf4-feed&utm_source=extract
Jakobsen: Why oil at $20 may not be such a bad thing
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