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The stability of oil prices at low levels, with expectations of a slowdown in demand towards the end of the year
10/26/15
Oil prices stabilized at low levels on Monday in light of expectations of a slowdown in demand refers to the continued oversupply for months to come, which in turn reduce the load on speculators betting on higher prices.
The record US crude nearest delivery month 69.44 dollars a barrel, up nine cents from the closing price in the last session. London Brent crude rose eight cents to 07.48 a barrel, but at least more than ten percent from its highest level during the current month.
Goldman Sachs said that oil prices may fall sharply lower with the approach of refined products storage sites fullness of satiety to worsen already pushed prices down more than 50 percent since June 2014.
ANZ Bank, said he expects prices to remain low through the rest of the year because of slowing demand and with reducing the speculators expectations the rise of prices. Q, Q
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