Global and US crude oil fundamentals are becoming increasingly bearish, with Asian and U.S. stocks high and European stocks rising significantly, said US-based analyst ESAI. “While the US gasoline market remains strong and provides support for WTI prices, underlying crude fundamentals are weakening,” said ESAI. In the latest edition of its Atlantic Basin Stockwatch, ESAI…
MARKETS: ESAI says underlying crude fundamentals key to price outlook
Posted on April 23, 2004 by EnergyAsia