The Traderszone Network

Published in TZ Latest News 16 November, 2015 by The TZ Newswire Staff

U.S. oil prices edge up on Paris attack tensions, but market remains oversupplied

U.S. crude oil prices edged up in early trading in Asia on Tuesday, lifting it further away from over two-months lows seen last week, as traders price in a risk premium following the Paris attacks and the resulting French airstrikes in Syria. Despite the lift, analysts said that prices would likely remain at low levels as oil markets remain oversupplied, with most estimates for 2015 ranging from production outpacing demand by 0.7-2.5 million barrels per day, and many speculators have positioned themselves for further price falls. Front-month U.S.

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