14.01.2009 - Crude could go down to $33/bbl: Kotak Commodities
From Moneycontrol.com: Raghavan Sundararajan of Kotak Commodities said crude prices could go down to USD 33 per barrel. "The near-month contract in crude is approaching expiry. So what is happening in crude is because of the wide contango in crude, traders are buying the near month and selling the far month," Sundarajan said. .... Full Article: Source
Print