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Commodities Briefing - Categorized | Market Moves, Oil more

Oil markets to ease as supply improves, currencies weaken - IEA

Posted on 13 September 2013

Global oil supplies look comfortable despite a massive outage in Libyan output and oil prices could see some downward pressure if sharp currency depreciation in emerging markets leads to softer demand, the International Energy Agency (IEA) said.
The IEA, which coordinates energy policies for developed economies, said global oil supply was set to jump in the next months thanks to a mix of seasonal, cyclical and political factors and notwithstanding the Libyan problems………………………………………..Full Article: Source


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