Wed, Jul 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: Oil prices could remain steady after all

Thursday, July 03, 2014

amb
David Donora
Benedicte Gravrand, Opalesque Geneva:

According to financial blog The Short Side of Long, commodities in general did well in the first quarter of 2014 mainly thanks to Agriculture and Gold. Industrial commodities such as Crude Oil, Heating Oil, Copper, Aluminum did not do as well as expected, however. Recent breakdown in Copper and the weakness in Brent Crude could spell more trouble for this area.

There is indeed potential trouble in the energy market but prices don’t reflect much worrying from investors. There are possible supply disruptions from Iraq, although for now, according to Reuters, heavy fighting between government-led forces and Sunni militants in the north of Iraq has spared refineries in the south, which process a big chunk of the OPEC member's oil exports. Brent and U.S. crude reached an 18-day low on Monday ($112 a barrel and $105 a barrel respectively) as investors grew less concerned about supply disruptions. And a Saudi oil official apparently stated that the world's largest oil producer would increase supplies if there was a disruption due to crises in Iraq or Syria. Meanwhile in Libya, rebels reached a deal to reopen two terminals that handle a......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe