Commodity Trader Trafigura Sees Upside Risk For Oil Prices ...Middle East

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Commodity Trader Trafigura Sees Upside Risk For Oil Prices
Crude oil prices could be vulnerable to the upside as the market is still tight, Ben Luckock, Co-Head of Oil Trading at trading giant Trafigura, said on Monday. “The markets are probably a bit too relaxed,” Luckock said at the Asia Pacific Petroleum Conference (APPEC) by S&P Global Commodity Insights, as carried by Reuters.     The $72 to $88 per barrel range is the fair price for oil, he said, but added that the current supply tightness “leaves us vulnerable” to further rises in crude oil prices. Early…

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