Crude oil prices continue to set new highs despite rising inventories and signs of slowing demand growth. While physical market balances appear to be loosening, financial demand for crude oil continues to grow and, coupled with the weakness in the US dollar, is likely to provide support in the near term. The sell-off across commodities following a prominent US bank’s demise underscored the increased vulnerability of energy commodities in times of liquidity concerns and overall risk reduction.
Crude oil started this year rallying above $100 and the roar and thunder has only strengthened since, with the prompt month now comfortably in [...]
Entries Tagged as 'Energy'
Energy Market Overview
March 21st, 2008 · No Comments
Tags: Energy
