Homepage
PR Newswire
06-01-2015, 04:13 PM
The latest price update of oil...
Oil prices steady after 5 percent plunge; Brent holds above $53
SINGAPORE - Oil edged up on Tuesday, steadying after a 5 percent plunge in the previous session that saw prices touch fresh 5-1/2-year lows in an oversupplied market.
Worries about surplus oil supplies were fueled by data showing output in Russia hit a post-Soviet-era high in 2014 and exports from OPEC's second largest producer, Iraq, were the highest since 1980. Jitters over political uncertainty in Greece drove investors out of risk assets globally to safe-haven bonds.
"It's building on the recent bearish supply/demand outlook of oil, led originally by the OPEC meeting," said Mark Keenan, who heads Asia commodities research at Societe Generale.
...
http://www.todayonline.com/business/oil-...t-below-56
Oil prices steady after 5 percent plunge; Brent holds above $53
SINGAPORE - Oil edged up on Tuesday, steadying after a 5 percent plunge in the previous session that saw prices touch fresh 5-1/2-year lows in an oversupplied market.
Worries about surplus oil supplies were fueled by data showing output in Russia hit a post-Soviet-era high in 2014 and exports from OPEC's second largest producer, Iraq, were the highest since 1980. Jitters over political uncertainty in Greece drove investors out of risk assets globally to safe-haven bonds.
"It's building on the recent bearish supply/demand outlook of oil, led originally by the OPEC meeting," said Mark Keenan, who heads Asia commodities research at Societe Generale.
...
http://www.todayonline.com/business/oil-...t-below-56
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡