Oil rally could ‘end in tears’ and send Brent to $60, Saxo strategist warns
February 01, 2018 at 10:59 AM EST
Saxo Bank’s Hansen believes the market is primed for a plunge that could yank Brent prices down to $60 a barrel. He points to three risks that could spark the unraveling: Rising U.S. production, slowing demand growth and speculative investors suddenly dumping their positions.