US shale pumping means oil is stuck at $50 for the next two years, wealth manager says

Hans van Cleef, senior energy economist at ABN Amro, agreed with the limited upside potential of oil in the near term. “I lowered my 2017 year-end forecasts for Brent from $60 to $57 and WTI from $60 to $54. I do see more upside potential for oil prices from...