Oil price recovery on its way: New report

Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that upward movement in prices should be expected later this year, Douglas-Westwood has said in its DW Monday report.

The extent to which this view is built upon analysis of data or gut feel is unknown (and in all likelihood there is a bit of both) but Douglas-Westwood’s analysis of its own drilling & production (D&P) data supports this view.

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