Sat, Aug 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Pulse, Oil more

OPEC happy, for now

Posted on 06 December 2012

As OPEC members meet in Vienna next week, they have good reason to feel satisfied, Gulf Oil Review said in its market insight released Wednesday. For the first time in history, the average price of the group’s basket of oil has been above $100 a barrel for eight consecutive quarters.
The stability of the oil price, especially in the past three quarters, is remarkable given the many weaknesses in the world economy; the EU debt crisis; sanctions on Iran’s oil; geopolitical tensions in the Middle East; and unplanned supply outages outside this region. While macroeconomic risks abound, the risks of a shock are receding and therefore, so is the prospect of a sharp dip in the oil price………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 42123 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
August 2015
S M T W T F S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
3031