Analyst warns of price plunge

AN OIL price of $US50 per barrel is on the cards because the world is awash with cheap oil, and, with some economic tealeaf reading, it appears there is insufficient oil demand growth to prevent further counter-seasonal stock building in the back half of the year.

Analyst warns of price plunge Analyst warns of price plunge Analyst warns of price plunge Analyst warns of price plunge Analyst warns of price plunge

According to the June Global Oil Market Trends Report from consultancy Rystad Energy

the oil market is tightening slowly from a peak supply and demand imbalance.

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