The Sellside Chimes In On The Crude Crush: “This Will Rever
The sell-side is worried… SocGen’s head of oil research Mike Wittner warns “this will reverberate for years”… (via Bloomberg) OPEC decision to keep output target is “unambiguously bearish,” “We are entering a new era for oil prices, where the market itself will manage supply, no longer Saudi Arabia and OPEC” “It’s huge,” he says by phone…