Wednesday 17, May 2017 by William Mullally

Oil – falling stockpiles and OPEC’s oil talk lift Brent above 50

Oil rose back above $50 on news about falling stockpiles and Saudi Arabia reducing supplies to Asia. We see oil prices trading between $45 and $50 per barrel. The persistent supply glut and reviving shale boom question the Middle East supply deal’s effectiveness, writes Norbert Rücker, Head Macro & Commodity Research, Julius Baer

Features & Analyses

SME Finance Risk Management

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