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hemanthaa@mail.com

Falling oil price: yet another false dawn!

hemanthaa@mail.com in Oil (General)

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hemanthaa@mail.com    + 64

hemanthaa@mail.com

Oil price crash on Thursday - a false dawn

The prices of WTI and Brent fell sharply on Thursday in the crude markets. Since there was a modest US crude inventory build during the last week, according to the API, the American Petroleum Institute, some may be tempted to attribute it to the fall in oil prices today. The fluctuations in the US crude inventories, however, proved to be inconclusive in recent months, when it comes  to determining the trend in crude oil prices. 

In the absence of a reliable supply boost, analysts believe a fall of this kind is going to be short-lived!

Please read this for more:

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