Slowing economies and interest rate hikes are set to keep investors and traders off risk assets such as crude oil, which could mean that oil prices may not exceed $100 per barrel again this year, according to one of the world’s largest commodities traders, Trafigura. “Given the macro headwinds, I think generally prices will struggle .
.. despite imminent sanctions,” Saad Rahim, Chief Economist for Trafigura, told Reuters on the sidelines of APPEC petroleum conference in Singapore. Oil prices have recently slumped to $85…Will Oil Prices Bounce Back Above $100 This Year?
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