Sun, Dec 21, 2014
A A A
Welcome preal121
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 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031