Oil At $101-102/Bbl Clearly In Sight: Jonathan Barratt
  • Elizabeth George
  • Oct 01 2013

October 1: Commodity Broking Services’ Jonathan Barratt says oil prices remain under pressure as the US shutdown signals slower economic growth and reduced demand. He also sees a rise in US stockpiles, which suggests economic sluggishness and less spending translating into low demand, which does not bode well for crude prices. The tension and premium that had been built into the price has faded, so Brent is expensive at $107 levels keeping in mind high OPEC supply, he adds.