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Commodities Briefing - Categorized | Oil, Price Watch more

Oil-price risks ease on economic decline, Libya, IEA says

Posted on 20 October 2011

Jumps in oil prices, which led some countries to withdraw crude from stockpiles earlier this year, are less likely as economic growth slows and Libyan fields resume output, said David Fyfe, the head of the International Energy Agency’s oil-industry and markets division.
“There is not the same potential for economically damaging spikes in price in the fourth quarter that we saw in the third quarter,” he told reporters today during the agency’s annual ministerial meeting in Paris……………………………………….Full Article: Source


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