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  • Roger S. Conrad

What’s Ahead for Oil Prices

By Elliott H. Gue on Jun. 18, 2020

It’s been a wild ride for oil prices in 2020; however, with the supply-demand picture now becoming clearer, the outlook looks increasingly constructive.

On the demand side, the recovery in the US economy appears to be proceeding faster than we anticipated.

In the last issue of Energy & Income Advisor, Time to Buy Refiners, Selectively,we highlighted the Federal Reserve Bank of Dallas Social Distancing Index.

Since that issue was published the Dallas Fed has renamed the index the Mobility and Engagement Index and has reversed the sign to be more intuitive – in the new index series plotted in the chart above, the lower the reading, the less mobility in the economy.

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    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor