Trading Floor

Brent crude rally continues on growth expectations

1,559 views
February 13, 2013 chinese economy, commodities, commodity, commodity outlook, commoditymarket, crude, crudeoil, crudeoilrally, gold, goldprice, ole s hansen, olehansen, precious metals, preciousmetals, saxo, saxo bank, tradingfloor.com, tradingfloorcom
Oil is once again hovering around the critical level of USD 120/barrel. But as Ole Hansen, Saxo Bank's Head of Commodity Strategy, says in this video, this price is unsustainable.  During the past two years, we have seen similar rallies during the first quarter, which, into April,has resulted in major corrections in the market.