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For how long will oil's bounce last?

Crude oil is bouncing back this Wednesday after Brent reached a fourteen month low yesterday and WTI slumped even faster. That led to the spread between the two benchmarks widening to nine dollars a barrel. So how are you meant to trade crude when there often appears to be conflicting data and sometimes surprising news?

Saxo Bank's Head of Commodity Strategy, Ole Hansen, admits it can be tricky. He's convinced the momentum for crude is negative but bounces like we've seen this Wednesday are to be expected, notably after the sharp falls we've had in recent weeks. Traders have to have their wits about them when it comes to supply news, which has been the driver of weaker prices recently. He assesses what we can expect from Brent and WTI over the coming days.

02:33 minutes
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