EIA's Short Term Energy Outlook was pretty bearish on oil as...

jacknotjacob wrote a post · Jan 10, 2024 10:41

EIA's Short Term Energy Outlook was pretty bearish on oil as prices are expected to stay roughly flat in 2024 before falling into 2025. Of course, there is a wide confidence interval on these things, but it seems convinced that record level oil production in the US will offset OPEC+ output that is well below the 5-year avg.

$United States Oil Fund LP (USO.US)$ $Powershares Db Multi-Sector Commodi Powershares Db Energy Fund (DBE.US)$

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jacknotjacob

I love ETFs and talk about them a lot

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