wallstreetexaminer.com / by Dr. Kent Moors •
There are many ways to estimate where oil prices are going: reported inventory levels, imports and exports, production figures, and a myriad of ways to estimate demand.
With oil prices swinging up and down around the $40 a barrel range, business news outlets are full of people calling on these numbers to predict the price of oil.
Because at the end of the day, there are two – and only two – good ways to really tell where the oil market is going.
Either one is a good indicator. But right now, both are telling us the same thing…
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