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Crude Oil Price Forecasting Stock Market NEW All Time Highs after Correction

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Published on May 17, 2016

Crude Oil Price Forecast 2016 Implications for Stock Market Trend

At the start of the year the prevailing mood in the oil market was not just one of gloom and doom but of catastrophe as the oil price sunk below $30, skidding by the middle of February to virtually touch $25, a period during which many prominent analysts and investment banks such as Goldman Sachs all of whom were bearish on the prospects for oil prices this year some even suggesting that the oil price could sink to as low as $10 (Standard Chartered) which meant that the oil producers large and small, the frackers and even a string of nations such as Russia, Nigeria and Venezuela were on the fast track towards going bust as their oil profits that financed their state spending budget deficits evaporated.

Find out what the prospects are for the crude oil price for the remainder of 2016 and it's implications for the stock market.

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By Nadeem Walayat - 17th May 2016

https://youtu.be/Zlax5GaiB40

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