Is Brent Oil At an Inflection Point?
My intermediate-term work on Brent Crude Oil (BNO) increasingly is warning me that the price structure is nearing, or is at a potentially consequential inflection point ahead of a powerful directional thrust.
Right now, the prospect of stronger global growth, fine-tuned OPEC supply management (Libya, Nigeria, Venezuela, etc under-production), and potential supply disruptions from the Middle East-Iraq, Iran, and civil war (conflict intensification) in Syria, Irag, Lebanon, etc., all combine to produce an "explosive" situation for Crude Oil.