Crude Oil: 3 Graphs That May Hold The Key To The Price Collapse - The United States Oil ETF, LP (NYSEARCA:USO) | Seeking Alpha
Here is a very interesting article which gives details on the current oversupply problem with oil. The author shows that the situation will not be quickly resolved either. So, we are left with the probability that oil could be stuck in a range between $45 to $55 for several months. It was only three weeks ago on December 13 when oil futures were in the $60 to $65 range for 2015. Now, we have a quote of only $55 in December of 2015 at the CME Group website. How quickly things can change!
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