Credit Suisse: Oil Futures Curve Positive Amid Conflicting Cross Winds

The forward-looking oil futures curve is positive along with U.S. supply trends, but a recent violation of price support and demand out of China raises questions of concern for oil bulls.

After oil witnessed strong gains recently, notably taking hold February 11, the market has more recently moved into a slight reversal phase. Looking at supply & demand fundamentals, as well as technical issues such as the shape of the Brent oil futures curve, Credit Suisse’s oil analyst doesn’t think the market will collapse, but then again he isn’t particularly constructive, either.

Oil is mixed picture

In commodity circles all eyes have been on the price of oil as...