CIBC’s Katherine Spector: “In the very short-term, while there may be a few more dollars of downside in the crude price, increasingly lopsided futures market positioning suggests that an end is probably near.”

The world will need more oil from OPEC, but not as much as they are producing
The most recent oil market outlook released by Canadian Imperial Bank of Commerce (CIBC) predicts an improved call on OPEC in the second half of 2015, but says that the organization is already producing more than it expects markets will absorb by the end of ...

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