07.07.2016 - The 'last ugly chapter' for prices is yet to come
Commodity investors generally agree that the oil market is coming into balance, but huge stockpiles of fuel and teeming strategic Chinese crude inventories could send prices on one last, ugly slide lower, analysts tell CNBC. On Wednesday, oil futures were down more than 1 percent, following a nearly 5 percent slide Tuesday, on worries that Britain's vote to leave the European Union would slow economic growth and dent crude oil demand. Expectations of U.S. crude stockpile growth and further weakness in the Chinese economy created additional headwinds...............................................Full Article: Source
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