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Tuesday, October 27, 2015

PIMCO: Oil Price Headed Higher

The asset manager PIMCO forecasts Brent oil will rise to $60 a barrel in 2016
This combination of strong demand and slowing supply has reduced the likelihood of the doomsday scenario where stocks breach storage capacity and prices need to fall significantly to cause producers to shut down producing wells.
A lynchpin to accelerating price inflation will be an oil price that stabilizes, never mind a climbing oil price. Prepare for accelerating price inflation.





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