| 27.09.2012 - Crude oil to trade in $90-95/bbl range near term:IIFL |
| Supported by exogenous factors such as geopolitical concerns, crude oil prices would trade within US$90-US$95/bbl in the near term, according to IIFL report. In the absence of any positive trigger on the demand side, crude oil prices can eventually drift lower towards US$85/bbl in the medium term. Prevalent demand and supply variables do not justify oil prices sustaining near US$100/bbl odd levels, they added...............................................Full Article: Source |