| A ceiling for oil prices and concern about commodities financing were main themes at FT’s commodities summit. This month the Financial Times hosted its third Asia commodities summit, bringing together some of the region’s most powerful traders and executives in Singapore to discuss the challenges and opportunities facing the industry.
Based on conversations with delegates and panel discussions, here are the main themes that emerged. The oil market is slowly rebalancing supply, but prices will remain subdued as a huge overhang of inventory is digested. Several speakers said crude oil would trade in a narrow range and struggle to breach $60 a barrel in part due to stocks but also the resilience of US shale drillers...............................................Full Article: Source
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