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Commodities Briefing - Categorized | Commodity Crisis, Oil, Price Watch, Trading more

High crude price biggest worry for global economy: IEA

Posted on 01 February 2013

High Brent crude prices could dent a global economic recovery while Europe’s economy holds the key to determining world oil demand in 2013, the chief economist of the International Energy Agency said on Thursday.
Brent crude hovered near $115 per barrel on Thursday, not far from a more than three-month high, as the U.S. Federal Reserve’s pledge to stick to its bond-buying stimulus plan and upbeat Euro zone data fuelled optimism about oil demand. ……………………………………….Full Article: Source


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