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Energie & Management > Commentary - Commodities - Softening despite late oil rally
Commentary

Commodities - Softening despite late oil rally

Crude oil traded below the USD 50 mark on Thursday, but rebounded later in the day. Elsewhere prices eased off; carbon softened for the third day in succession, and the coal and gas markets traded at their lowest levels since the end of March.
Crude oil dipped below the USD 50/bbl mark in the back of a better than expected supply situation as well as forecasts of slowing demand. The publication of Wednesday’s oil stock data that showed US crude oil inventories at their highest for three years. However, prices rallied at the end of the day with IPE Brent June closing up 19 cents to 52.48, a rebound the Financial Times asc

Freitag, 29.04.2005, 09:32 Uhr
Redaktion
Energie & Management > Commentary - Commodities - Softening despite late oil rally
Commentary
Commodities - Softening despite late oil rally
Crude oil traded below the USD 50 mark on Thursday, but rebounded later in the day. Elsewhere prices eased off; carbon softened for the third day in succession, and the coal and gas markets traded at their lowest levels since the end of March.
Crude oil dipped below the USD 50/bbl mark in the back of a better than expected supply situation as well as forecasts of slowing demand. The publication of Wednesday’s oil stock data that showed US crude oil inventories at their highest for three years. However, prices rallied at the end of the day with IPE Brent June closing up 19 cents to 52.48, a rebound the Financial Times asc

Freitag, 29.04.2005, 09:32 Uhr
Redaktion

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