OPEC Has Lost the War but We May Get a Large Dead Cat Bounce in Oil
Dennis Gartman Blog and News “He[Saudi Arabia's new crown prince, Mohammed bin Salman] understands that crude oil, over the course of the next 20 to 40 years, is going to be a worthless commodity.
I’ll tell you one thing: in the long run, crude oil is heading egregiously lower.
We doubt that demand growth will accelerate sufficiently to break the current downward price momentum. So it may be a black swan for the oil industry itself, but it’s a white swan or the economy in general.”
Source: http://dennisgartman.blogspot.com/2017/06/opec-has-lost-war-but-we-may-get-large.html
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