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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

No crude oil demand dip means prices to rule firm

Posted on 31 August 2011

While global equity markets underwent major corrections, crude oil prices have refused to ease so far. Whatever weakness was seen earlier in the month has disappeared, with Brent crude prices moving up into three-digit territory at $112 per barrel. The reason is a visible tightness in oil’s demand-supply dynamics.
Debt problems in the US and Europe and signs of slowing economic growth had softened oil prices earlier in August……………………………………….Full Article: Source


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