Courtesy of Benzinga.
Bullish Catalysts for Oil Are:
- China stimulus,
- Stability in China FX or confirmation on direction of US rate hike,
- If Rig Counts start falling again, declining US Supply become dinner table talk again,
- Easing in OPEC production,
- Any form of "Emergency OPEC Meeting" headlines,
- Congressional vote against Iran deal – could undermine confidence in success of the deal,
- Data showing resilancey in US GDP.
Posted-In: Analyst Color Analyst Ratings