An end on horizon?

What next? Will the two-week truce help? How will the oil market behave in the days and weeks ahead? Billion-dollar questions with few, concrete answers. Some indications, though, can be looked into. Immediately after the announcement of the two-week ceasefire, oil markets fell from their peak seen in the first week of the month. At close last weekend, crude oil prices were around $96/barrel, some 15 per cent lower than a week ago. Early in April, most analysts were suggesting that if hostili...

By none@none.com (Syed Rashid Husain)