Oil's Bullish Price Consensus Faces Strong Headwinds
Industry bosses insist crude is on the up, but the market isn’t playing ball just yet.
A Chevron Corp. gas station in San Francisco.
Photographer: Bloomberg
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Hello and welcome to Elements, our daily energy and commodities newsletter, brought to you this week from CERAWeek in Houston. Today, Senior Executive Editor Will Kennedy discusses the outlook for oil prices following days of bullish predictions from some of the industry’s major players. To get Elements sent to your inbox, click here.
On oil prices, almost everyone in Houston this week was pointing the same way: up. Take our TV interviews with the bosses of two of the world’s largest energy companies.