We expect growth in the global economy to remain subdued out to 2026.
Insight
June 21, 2012
Oil Market Update
Oil prices continue to soften on ongoing concerns surrounding the Euro-zone, Spanish bond yields rising above 7 per cent and softening US and Chinese economic activity Oil price forecasts revised down, reflecting ongoing market concerns surrounding the Euro-zone, weaker growth forecasts for the US and China and easing supply-side concerns Global crude oil market loosening […]
- Oil prices continue to soften on ongoing concerns surrounding the Euro-zone, Spanish bond yields rising above 7 per cent and softening US and Chinese economic activity
- Oil price forecasts revised down, reflecting ongoing market concerns surrounding the Euro-zone, weaker growth forecasts for the US and China and easing supply-side concerns
- Global crude oil market loosening as demand weakens and supply disruptions dissipate but market fundamentals still point to prices well above current levels
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