- January 25, 2016
- Energy , Industry News , News
With oil prices having already lost roughly 20% year to date, a Thursday rebound didn’t come as a surprise, but that doesn’t mean prices have bottomed out.
“Prices will be low for some time due to supply overhang and [a] soft demand story,” said Rob Haworth, senior investment strategist for U.S. Bank Wealth Management. “The real low in prices seems more likely to occur with a ‘whimper’ than a ‘bang’.”
But realizing when that bottom comes is important.