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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price correction round the corner?

Posted on 15 July 2013

Crude markets are in for some battering. With China struggling and Europe still on its heels, analysts are doubtful that global demand will continue to justify, in near future, the crude prices of around $100 per barrel.
China has been the major bright spot on the otherwise wobbling global economy — for some years now. It has helped keep a floor on most commodity markets. Yet the massive Chinese engine is slowly and gradually cooling down. China’s crude-oil imports fell in the first half of 2013, marking the first January-June contraction since the depths of the financial crisis in 2009………………………………………..Full Article: Source


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VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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