Commodity prices rebounded in tandem with stock markets today as Greek debt talks appeared to have made good progress and Japanese production data surprised to the upside. WTI crude oil prices rose for the first time in 4 days while Brent crude soared after the plunge yesterday. Although Saudi Arabia assured that it would cover the shortfall of Iranian oil, China’s oil demand this year may contribute to price increases.
See the original post here:
China may Increase Oil Purchases should Iranian Oil Price Trade at Discount
Leave a Reply
You must be logged in to post a comment.