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Commodities Briefing - Categorized | Commentaries, Oil, Price Watch more

See strong support for crude at $40/bbl

Posted on 13 March 2009

From Moneycontrol.com: The OPEC meeting will definitely play a crucial role although the cut that they have announced in the last couple of times have not really given a boost to crude oil prices. It is basically more the demand side that is creating it.

Today’s news of another 1 million barrel kind of a short fall for 2009 will create some jitters in the market. But overall we have seen for an intraday position if one wants to trade, the range would be around USD 42-44 per barrel levels wherein crude prices will move over and across….. Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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