Oil after Doha ... “Prices could touch $30 a barrel within days”

Author: Eamonn Sheridan | Category: News

The Wall Street Journal quotes an oil analyst at Natixis

  • " ... an extremely bearish scenario ... we will probably see a knee-jerk reaction on the market"
  • "Prices could touch $30 a barrel within days"
He is referring to the Doha weekend meeting of oil producers where no agreement to 'freeze' production was reached.
  •  The failed talks will "seriously hurt investor confidence"
Also, from Ole Hansen, head of commodity strategy at Saxo Bank
  • "OPEC has once again been high on promises but low on delivery as politics once more got in the way"
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