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Market Currents: Asian producers coming under pressure

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Market Currents: Asian producers coming under pressure

Posted by Matt Smith
Date: August 23, 2016
 
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Oh good. It’s only the second day of selling after the recent rampant rally, and yet we are already hearing renewed rhetoric from key producers. Iran is the subject of the latest rumors, said to have agreed to attend next month’s producer meeting in Algeria. Nonetheless, prices are ignoring this influence for now, and are easing lower ahead of a potentially bearish inventory report tomorrow. Hark, here are five things to consider in oil markets today:

http://fuelfix.com/blog/2016/08/23/market-currents-asian-producers-coming-under-pressure/

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