Oil price outlook – BAML revises crude oil outlook downwards

Bank of American Merrill Lynch (BAML) finally updated their 2010 second half crude oil numbers downwards to 78 from their earlier reiterated outlook of 92. BAML was one of the few oil bulls left standing when oil continued its march northwards of 85, side by side by Goldman Sachs (GS). While a lot of analysts…Read moreRead more

Crude Oil Outlook – Blast from the Past – The InvestBank note on Crude Oil Outlook in 2010

Here is the note that I have referred to a number of times in the past on this site. Written by Nauman Khan at InvestBank in mid March and release for public consumption in early April, Nauman correctly pointed out that the fundamentals for Oil outlook were very weak. His basic thesis in the note…Read moreRead more

Crude oil prices: Heading up or down?

Are crude oil prices heading up or down – what do future spreads say