No Deal In Doha: What's Next For Oil? (Video)

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Includes: BNO, DBO, DNO, DTO, DWTI, OIL, OLEM, OLO, SCO, SZO, UCO, USL, USO, UWTI
by: TD Wealth

Summary

Oil prices are rising, despite no political means to end oversupply.

Oil may hit US$60 by year end, but it will be a bumpy road.

Zinc and silver may pick up in price due to demand from China.

Despite no agreement over an oil production freeze being reached, the price correction has been quite limited. Is the market reaction to the Doha "no deal" bullish for oil? Bart Melek, Head of Commodity Strategy, TD Securities, weighs in.