Sun, Sep 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Trends more

Politics has decisive role in global oil flow

Posted on 08 July 2013

Driven by weak fundamentals, bleak Chinese data and Fed’s plan to slow its bond-purchase program by the end of the year, commodity markets suffered their biggest drop in a year and half – on June 20 – dubbed “Black Thursday” by Commerzbank. And oil was no different. US crude sank 3 percent on the day, with benchmark oil prices projected to decline further during the course of the coming week(s).
But then geopolitics came handy, reversing the trend. Fear premium began to swell. Already the ongoing conflicts in Syria and Libya were weighing heavily on market sentiments. The echo of change in Egypt contributed to further volatility………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930