It’s ‘now or never’ for crude prices says RBC commodity strategist

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Helima Croft, RBC Capital Markets head of global commodity strategy, believes it’s now or never for crude prices, “July is a critical month for the oil market. We have gone as far as suggesting that it’s now or never (or at least through the balance of this year) for the oil market from the perspective of reconciling cautiously optimistic sentiment with consensus of tight global paper balances [futures-related supply] . And while the recent upswing (spot WTI: up 8 per cent month-to-date) has helped to...