Thu, Sep 24, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Investment, Oil more

Oil Investors Flee as OPEC Freeze Hopes Face Supply Reality

Posted on 20 September 2016

Oil speculators headed for the sidelines as OPEC members prepare to discuss freezing output in the face of signs the supply glut will linger.
Money managers cut wagers on both falling and rising crude prices before talks between OPEC and other producers later this month. The meeting comes after the International Energy Agency said that the global oversupply will last longer than previously thought as demand growth slows and output proves resilient………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
September 2020
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930