Oil and gas
Alexander Khurshudov: oil price decline may drag for 2 months
In the end of May the long-expected correction started at the oil market (pic. 1). I had anticipated it 3 weeks earlier starting with the price of $75 for a barrel of Brent, but the dazed bulls pushed the quotes to $80 knocking out the incautious bears. Only later when some commentators started speaking about $100 for a barrel, mass profit taking began. Pic. 1. As a result ...
June 13/ 07:18