Barclays: "The oil cart is moving ahead of the horse”

Livewire News


Oil has surged back up to $57 a barrel after plunging as low as $43 back in March. But before you start calling the run back to $100, first consider five key points: 1) Long-dated futures are falling. 2) U.S. stockpiles are at an all-time high. 3) The fracklog: The three top-producing shale fields have more than 3,400 drilled but uncompleted wells. 4) Saudi Arabia keeps on pumping. 5) Producers are locking in prices now for oil produced later. See charts below and the full article here: (VIEW LINK)

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