Oil price drop a post-rally correction, see it at $50/bbl: Pro

Crude prices were bound to see some correction after steady rise over the last few days, says Amrita Sen, Chief Oil Analyst at Energy Aspects.
After climbing over eight percent last week oil fell over 3 percent today. Sen expects oil prices to average around USD 50 per barrel in the near term. Everything is aligning very nicely with inventory falling everywhere and demand from Asia starting to pick up, she notes. The only negatives right now are to do with constantly high production from some Middle Eastern producers and that is delaying rebalancing of oil, she says. Watch video for more...