The Traderszone Network

Published in TZ Latest News 22 August, 2014 by The TZ Newswire Staff

Did Demand Concerns Spark The Biggest Drop In US Oil Rig Count Since 2012?

Crude Oil and gasoline prices have been sliding notably recently, but, as Carl Larry, president of Oil Outlooks & Opinions LLC in Houston notes, “the focus is definitely on the U.S. and on concern about demand as we head into the maintenance season.” While Brent remains more concerned about Russia and Ukraine, WTI is “focused on supply, demand fundamentals,” which with production surging, leaves “everybody wondering if demand will stay steady.

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