Oil Market Update (September 19, 2012)
A brief overview of oil price developments, supply and demand and significant market movers.
A brief overview of oil price developments, supply and demand and significant market movers.
Chief Economist David Rosenberg of Gluskin Sheff and Associates Inc. believes market fundamentals support oil at $85-$95 a barrel, a view shared by Richard D. Soultanian of NUS Consulting Group, commenting that “The market is pricing in a lot of risk and a lot of fear right now”.
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