11.12.2013 - Crude oil prices may ease in 2014: Expert
Crude oil prices in the international market are likely to ease in 2014, mainly due to enhanced supply from two oil rich countries. "Demand is reasonably robust, but there are some issues on the supply side and that is why people are little worried about the prices," said David Bloom, Global Head of Foreign Exchange Strategy of HSBC Bank. He said additional oil supply would come from Syria and Iran, which will push down prices. "Demand is not picking up at the same pace as supply," Bloom added, in an exclusive interview with Times of Oman on Tuesday...............................................Full Article: Source
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