31.10.2012 - SG bearish on crude oil, product price in Q4
The prices of crude oil and products is set to drift lower through the fourth quarter and the first half of next year, as the fiscal headwinds in Europe and the US will weigh on the global economy leading to weaker demand, according to Societe Generale. "For (the) near term, we are actually bearish on energy (prices), particularly oil and products, as the demand growth is moderate and the supply is sufficient right now," Jeremy Friesen, commodity strategist at Societe Generale Corporate and Investment Banking, told a press conference on Tuesday...............................................Full Article: Source
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