The energy sector is booming. Is it time to buy? Erin Gibbs of S&P Global and Gina Sanchez, CEO of Chantico Global, discuss with Eric Chemi. Gina discuss that while oil is trading in a range, you can trace, currently, higher lows. She continues that oil demand data has become more positive and that while the data is hard to trace, evidence is that it is improving. Furthering it, she says, is that the OPEC compliance. Mostly Saudi Arabia, who is overly compliant has made a huge dent in the oil supply. That and the oil rigs coming off in the US has supported oil prices going up. Gina says that this does not suggest that prices will not come down in the near term, but we could continue to trace higher lows as we enter 2018.
from CNBC.
