Tuesday, 1 October 2013

Fundamental Outlook of Crude Oil

Crude oil dropped to a 2-1/2 month low early on Monday, with markets uncertain on the outlook for demand as a shutdown of U.S. government operations seemed more likely.
Crude oil is trading lower on NYMEX today.

 We expect prices to trade lower for the day on the prospect of a U.S. government shutdown that could crimp oil demand, while investors also eyed easing tensions in U.S.-Iran nuclear talks.



No comments:

Post a Comment