Steady OPEC, firm demand will send oil to $60-$80 range: Energy investor

By Michael Santoli, Yahoo Finance
The great global oil glut of 2014 and 2015 is ending, and a stronger world economy will stoke demand to lift crude prices a bit, benefiting leading producers and their investors.

That’s the position of Rob Thummel, portfolio manager at energy-focused investment firm Tortoise Capital Advisors, who expects crude to advance toward a new trading range of $60 to $80 per barrel beginning later this year and “for an extended period of time.”

 

Read the full article and view the interview here.