Trafigura hints at possible $60 oil ...Middle East

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Trafigura hints at possible $60 oil
source : forex live ( Middle East ) () 55
APPEC-Trafigura exec says oil market is more concerned about foreign policies under next US president.APPEC-Trafigura exec says no secret Trump is not a fan of Iran.APPEC-Trafigura exec says oil market likely to be more volatile if Trump was to become president.APPEC-Trafigura exec says shadow fleet still moves large amounts of Russian oil, while Iranian oil continues to flow.APPEC-Trafigura exec says a portion of the market thinks China probably has more stimulus plans held in reserve depending on US election outcome.APPEC-Trafigura exec says oil prices may fall to $60 a barrel sometime and relatively soon. This article was written by Arno V Venter at www.forexlive.com.

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