THREE-DAY SLIDE IN GLOBAL OIL PRICES

Oil has nothing going for it. Despite today’s modest pullback in the dollar, the strong dollar trend is a downdraft for commodities. The world is running out of storage capacity. And Saudi Arabia has all the motivation in the world to knock oil prices down and hurt Iran. Don’t catch this falling knife, not at least for the next $10.

(Copyright 2015 Asia Times Holdings Limited, a duly registered Hong Kong company. All rights reserved. Please contact us about sales, syndication and republishing.)

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now. 

Leave a comment

Your email address will not be published. Required fields are marked *