THESTOPHUNTER

WTI stuck in a frustrating range!

NYMEX:CL1!   Light Crude Oil Futures
$wti stuck in frustrating range ($41 to $55) since Apr16 and not showing signs of any directional life for the longer term. What will make it break out? Storms, geopolitics, OPEC, production cuts haven't!?

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It's unlikely to break out until supply destruction. It could a couple more years. This is a bathtub recovery with too much supply. Expect a $40 to $60 range for a long time.
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