Singapore Stock Market News

OCBC Commodities Outlook 2H14

StockFanatic
Publish date: Fri, 11 Jul 2014, 03:14 PM
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Energy
The crude oil market had been marred with many geopolitical concerns in 1H14, notably with the recent civil-wars in Iraq and Syria, as well as the previous Russia-Ukraine oil supply scare. Like many others, geopolitical risk is but an exogenous driver that lifts crude prices beyond what fundamentals spell. And what fundamentals spell, at least to what we are observing at this juncture, is the ample global oil supply this year.
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