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Commodities Briefing - Categorized | Market Moves, Oil more

IEA’s bearish figures paint sharper over-supply picture

Posted on 14 November 2012

For those still puzzled over stubbornly supra-$100/barrel oil prices, the International Energy Agency’s latest monthly report Tuesday provided a wealth of fresh bearish data set to further baffle oil market watchers.
The report, which came a day after the IEA’s headline-grabbing annual World Energy Outlook, supports a gloomy outlook for global oil markets with further cuts to its headline demand forecasts due to concern over the health of the global economy………………………………………..Full Article: Source


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