epratt

Market Update: July 2016

Blog Post created by epratt on Jul 29, 2016

Bearish sentiment has arisen over what appears to be a supply and demand imbalance.

 

Oil investors may gain another investment opportunity at sub US$45/bbl. After a price rally in 2Q 2016 saw ICE Brent contracts topple US$50/bbl, the international crude markets are becoming nervous again over the risks posed by the global economic outlook.

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