Thu, Nov 27, 2014
A A A
Welcome kbr175@gmail.com
RSS

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


 Article link

This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30