“We have to accept the fact that crude is going to work its way higher from here,” BRB Brokerage’s Jeffrey Grossman told Reuters on Feb. 29.“We believe the current price environment is more severe than either 2008/2009 or 1998/1999,” said Bernstein Research in a note. “In both cases, the rebound was significant. Near-term oversupply worries act as an overhang, but we believe oil prices are significantly below marginal cost and as they rise, E&Ps......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.