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Oil markets divided on rally continuing in final quarter

Posted on 01 October 2012

Oil prices recorded their best quarterly performance of the year in the third quarter, but opinion is roughly split over whether the stimulus-led rally will continue in the final three months of 2012, according to CNBC’s latest oil survey.
Though many argue new stimulus measures introduced by major global central banks last quarter were a ‘game-changer,’ putting an effective floor in the oil price, others say the macro-economic environment remains soft and any post-stimulus material turnaround in the real economy – if and when it does come — will be limited………………………………………..Full Article: Source

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VRS - who has written 34721 posts on Opalesque Commodities Briefing.


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