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Oil Market: While the market sees the fair price for oil at $72 to $88 per barrel, "the markets are probably a bit too relaxed," Ben Luckock, co-head of oil trading at Trafigura, told the APPEC conference in Singapore.
The oil market is vulnerable to price spikes due to low inventories and underinvestment in new oilfields, a senior official at global commodities trading firm Trafigura said on Monday. ... -Today at 07:17 am- MarketScreener
Commodity trader Trafigura thinks markets are currently underestimating the upside risk for oil prices.
Just days after oil prices hit their highest level this year, energy industry experts are meeting at the Asia Pacific Petroleum Conference.
The market sees the fair price for oil at $72 to $88 per barrel, Ben Luckock, co-head of oil trading at global commodities trading firm Trafigura, told the APPEC conference on Monday. ... -Today at 05:20 am- MarketScreener