Awash in Oil, Market Searches for Trading Range

  • 18 Jul 2016
  • By Bluford Putnam
  • Topics: Energy

Watch CME Group Chief Economist Blu Putnam discuss how the oil market is struggling to find a trading range as oil producers such as Venezuela pump more supplies to stave off a cash crunch which is giving Americans a rare chance to enjoy low gasoline prices during the peak summer driving season.

 

All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author(s) and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.

About the Presenter

Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions.

View more reports from Blu Putnam, Managing Director and Chief Economist of CME Group.