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Commodities Briefing - Categorized | Oil, Price Watch more

Weakening demand keeps oil below USD100

Posted on 29 April 2013

Indeed, Saudi Arabia and the UAE are among the countries most vulnerable to an oil price shock, the bank says.Brent crude prices have declined 12.5% this month alone, as traders worry about declining demand and rising output notably from the United States, the North Sea, Canada, Iraq and Libya.
Overall, Brent has lost 6.9% in 2013, ending the third week of April at USD 102.41 a barrel on the London-based ICE Futures Europe exchange………………………………………..Full Article: Source


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