Fri, Aug 1, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Pulse, Oil more

Opec supply risk divides oil strategists

Posted on 02 January 2014

For a third year, international oil prices have gone nowhere. Brent, the global marker, has averaged more than $108 a barrel in 2013 – like it did in 2012 and 2011 – as feared oversupply from the US shale revolution failed to materialise because of production setbacks in other parts of the world.
For many investors who track commodities, and hedge funds who bet on volatility, this has meant poor returns. For investment banks, it has meant a lack of business as consumers see less need to hedge. Only Opec, the producers’ cartel, has been happy, with consistently high revenues………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36221 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31