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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

Japan disaster unlikely to affect oil price

Posted on 29 March 2011

The Japanese earthquake on March 11 almost took the heat off oil prices that were fed by the continuing turmoil in Libya and some countries in the Middle East.

All other factors in the market are still there but they have taken a secondary role for the time being. Analysis for economic growth, oil supply and demand balances and price expectations that were made before the Japanese disaster are now uncertain and must be reviewed……………………………………..Full Article: Source

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This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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