Economic Research: Oil Seeks Trading Range & ECB’s Challenges

Awash in Oil, Market Searches for Trading Range

By Blu Putnam, Chief Economist, CME Group

Video Highlights:

  • Oil market struggles to find a trading range
  • Some cash-strapped producers ramp up supply
  • U.S. summer gas prices weighed by ample supplies
  • Shale oil output robust despite fewer U.S. rigs.

SEE VIDEO HERE