| The changing global crude outlook is manifesting itself in more than one way. Possibility of glut has spurred a number of analysts to project a price crash – in not too distant a future. Indeed there are ifs and buts to it – but most are of the view that the world is heading toward a glut-like scenario. Downward price trajectory is imminent and a buyers’ market could be just round the corner, some are now insisting.
Fadel Gheit, the Cairo born analyst working for Oppenheimer, now believes oil prices are in a bubble. 20-30 percent of the current oil price reflects a "supply risk premium" that will disappear when Iran's nuclear issue is finally resolved, he is underlining...............................................Full Article: Source
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