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Commodities Briefing - Categorized | Oil, Price Watch more

Are the prices of oil going to crash in the near future?

Posted on 16 December 2013

The changing global crude outlook is manifesting itself in more than one way. Possibility of glut has spurred a number of analysts to project a price crash – in not too distant a future. Indeed there are ifs and buts to it – but most are of the view that the world is heading toward a glut-like scenario. Downward price trajectory is imminent and a buyers’ market could be just round the corner, some are now insisting.
Fadel Gheit, the Cairo born analyst working for Oppenheimer, now believes oil prices are in a bubble. 20-30 percent of the current oil price reflects a “supply risk premium” that will disappear when Iran’s nuclear issue is finally resolved, he is underlining………………………………………..Full Article: Source


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