Summary
CRUDE oil prices are unlikely to fall sharply in coming weeks because international tension will keep the market bubbling, a leading petroleum analyst said yesterday.
"Tense geopolitics should provide some support for prices despite the clear Saudi intention to cool the markets," Adam Sieminski, Deutsche Bank analyst, wrote in a report. "Even at a lower $35 (a barrel), the geopolitical premium remains."See the full content of this document
Extract
International Tensions to Keep Oil Market Bubbling
US prices hit a record of $42.45 a barrel early this month while London-traded North Sea Brent soared to a ...
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