Published on Tuesday, August 23, 2016 | Updated on Sunday, May 13, 2018
U.S. | Oil Price Outlook (August 2016)
Summary
The downward trend experienced after February was interrupted by concerns on high stocks of refined products. Recently, renewed market expectations of an output deal in September have brought prices up again. However, we believe that a production deal has a low probability of success. We expect a gradual increase in prices after 2016, with risks tilted to the downside.
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Authors
MN
Marcial Nava
AA
Amanda Augustine
KC
Kan Chen