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2015-08-25 18:25:00

OIL MARKET IS HEALTHIER

OIL MARKET IS HEALTHIER

The global oil market is healthier than it looks, signaling that crude's plunge to six-year lows has probably gone too far.

While futures tumbled below $45 a barrel in London for the first time since 2009, Morgan Stanley and Standard Chartered Plc say other measures suggest physical markets for crude have stabilized or even strengthened in recent weeks. China, the world's second-biggest oil consumer, will keep buying extra barrels to fill its strategic reserve this year, according to Goldman Sachs Group Inc.

"While oil fundamentals aren't strong, physical markets do not corroborate the substantial weakness in…

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Tags: OIL, MARKET, PRICES
Chronicle:
OIL MARKET IS HEALTHIER
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2019, May, 22, 10:45:00
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2019, May, 22, 10:40:00
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