Crude oil price forecast 2016: the high yield bond crisis and bankruptcies in the shale oil industry

The crude oil price has fallen radically and is finding a comfortable level to be. Is it going down further? We presume it has to be, though we also suppose it will rebound eventually.

Then, how much further is it going down? When is it going to rebound? We provide answers to these questions in this article. The following is the long-term chart of the WTI crude oil futures:

2015-12-15-WTI-crude-oil-long-term-chart Continue reading Crude oil price forecast 2016: the high yield bond crisis and bankruptcies in the shale oil industry