OGJ NEWSLETTER

Once again, conventional wisdom about oil and gas prices is wrong. At a time when oil and gas demand is typically down due to seasonal factors, supplies of both are more than ample, and a lackluster OPEC meeting fails to result in quota cuts, the expectation would be for downward pressure on oil and gas prices. To the contrary, both have been on the rise lately. Nymex crude futures and IPE Brent last week touched 5 month highs last week, closing Apr. 29 at $20.77/bbl and $19.47/bbl,

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