Reuters technical commodity analyst Wang Tao said on Friday that "Brent oil may slide further into a range of $68.59-$69.69 per barrel."
That would be the first time Brent has fallen below $70 since April.
Analysts said the main downward price pressure came from rising supply, despite the U.S. sanctions against Iran that were imposed this week, as well as concerns over an economic slowdown.
"As OPEC exports continue to rise, inventories continue to build which is putting downward pressure on oil prices," analysts at Bernstein Energy said.
"A slowdown in the global economy remains the key downside risk to oil," Bernstein added.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pussycats
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Posted by pussycats > 2018-11-08 17:59 | Report Abuse
Airasia no use Boeing 737 MAX... AA uses Airbus lah.
safe to buy AA lah
Tomoro buy AA banyak banyak...