William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
To read more about Bill Patalon and his publications visit MoneyMapPress.com.
There are many ways to estimate where oil prices are going: reported inventory levels, imports and exports, production figures, and a myriad of ways to estimate demand.
With oil prices swinging up and down around the $40 a barrel range, business news outlets are full of people calling on these numbers to predict the price of oil.
Ignore them.
Because at the end of the day, there are two – and only two – good ways to really tell where the oil market is going.
Either one is a good indicator. But right now, both are telling us the same thing…
Tags: Oil Prices
To get full access to all Money Morning content, click here
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post These Two Signals Are Pushing My Crude Price Forecast Upward appeared first on Money Morning – We Make Investing Profitable.
Powered by WPeMatico
The post These Two Signals Are Pushing My Crude Price Forecast Upward appeared first on Bill Patalon Private Briefing.