It seems that even bad news (bombardments of Libyan oil tankers and infrastructure) don't bother sellers. It is a falling market and nobody knows where the turning point is located. Some commodities analyst point out that Oil will never go back to its previous levels, because market changed his structure. Currently OPEC controls only 30% of total oil supply and it was 50% 10 years ago. New suppliers and lower demand will play significant role in restructuring the market in the nearest future.
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong