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11 Sep 2014
Oil price continues to drift
FXStreet (Łódź) - Independent Analyst Malcolm Graham-Wood observes that the demand for oil is becoming softer and its price continues dropping.
Key quotes
"Oil price continues to drift as reports from Opec say that some trimming of production has occurred from Saudi Arabia, demand is weakening and October sales are down as prices are cut again."
"Barry spoke to the nation from the White House last night and has firmed up his war in IL, they are not safe even in Syria now which is quite a good way to sort out a bit of action there…"
"Oil markets have taken this as being even more bearish for the oil price as ironically it may mean less geopolitical worries down the line, Brent is $97.65 this morning."
"This is particularly bad news for Russia and Scotland..."
Key quotes
"Oil price continues to drift as reports from Opec say that some trimming of production has occurred from Saudi Arabia, demand is weakening and October sales are down as prices are cut again."
"Barry spoke to the nation from the White House last night and has firmed up his war in IL, they are not safe even in Syria now which is quite a good way to sort out a bit of action there…"
"Oil markets have taken this as being even more bearish for the oil price as ironically it may mean less geopolitical worries down the line, Brent is $97.65 this morning."
"This is particularly bad news for Russia and Scotland..."