Financial institution of America bullish crude oil over the following month

Financial institution of America are bullish crude over the following month futures contract roll:

• obese Brent, gasoline, gasoil over a one-month horizon

Cite OPEC withholding output

• acknowledge mile surplus in international provide
• the chance os US onerous touchdown has receded
• nonetheless considerations over Chinese language demand

Over three – 6 months BoA see

• weakening of world establishments (an upside threat for gold and former metals)
• Fed charge cuts
• potential Center East escalation
• aggressive fiscal and financial stimulus in China

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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