We do feel that the Oil markets will be at
risk to volatility as financial markets become more aware over the potentiality
of a slowdown in the global economy next year and that a reduction in Oil
supply next year would be appropriate with the risks of lower economic growth. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The price of Oil remaining roughly around $70
in Brent Crude and $60 in West Texas Intermediate and consolidating around
these levels would be appropriate in the greater scheme of things, considering
the ongoing external uncertainties around trade tensions and pressures in
emerging markets that are seen as large risks for slowing global growth. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
If there are concerns over a potential
economic downturn, then it is only natural that there will be concerns over
demand for commodities like Oil, which is why its current valuation today can
be considered as appropriate for where we currently are with the global
economy. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
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