Oil and gas are trading in a ‘bizarro world’: Tom Kloza


After a strong first half of the year, oil just posted its worst month since July 2015. Despite fears that the commodity could retest the mid-$30 range, one closely-followed oil watcher is especially bullish on where energy is heading in the coming months and years—and investors should not get comfortable with currently low prices. “It may get a little uglier with some European refinery shutdowns,” admitted Tom Kloza recently on CNBC’s “Futures Now” when discussing the potential for a near-term slowdown in the U.S. “But this is very seasonal.” The global head of energy analysis for the Oil Price
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Despite fears that the commodity could retest the mid-$30 range, one closely-followed oil watcher is especially bullish on where energy is heading in the coming months and years—and investors should not get comfortable with currently low prices.

“It may get a little uglier with some European refinery shutdowns,” admitted Tom Kloza recently on CNBC’s “Futures Now” when discussing the potential for a near-term slowdown in the U.S. “But this is very seasonal.”

The global head of energy analysis for the Oil Price Information Service (OPIS) explained that, while he expects to see a $39 handle for oil in the coming weeks, prices will see significant gains in the long-term.

… (full story)

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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