Oil Volatility: why should it end, things could get much more volatile with oil at US$200bbl.
Excerpt --Related: Saudi Aramco Makes Existential Bet On Oil
As a result, the supply risks to the market are diminished, which tends to reduce volatility and lower futures prices. “The growing spare capacity volumes should keep long-dated prices anchored in a $55 to $65/bbl range even if prompt Brent crude oil prices rebound above $70/bbl over the course of 2019 as we currently project,” Bank of America Merrill Lynch wrote.
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