Hopes spring eternal for crude

Higher crude prices over the past 6 weeks allowed already heavily indebted energy producers to sell even more debt to ‘investors’. This will enable even more excess production to come to market. So long as the belief in higher prices persists, we are unlikely to find a durable bottom this cycle.

Discussing the potential for the oil production freeze, and current supply and demand dynamics John Kilduff, Again Capital. Here is a direct video link.

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