Analysts forecast most constructive oil market in years

摘要

Changing supply and demand fundamentals have led the team of commodity strategy analysts at RBC Capital Markets to shift from an oil view of "calculated optimism" to one that is "structurally bullish." RBC issued a report in late June outlining the factors at work that for oil markets could be "the most constructive in years." Behind the increasingly positive market response is OPEC's return to 100% compliance and a resulting focus on spare capacity, according to the report.