Oil and oil products markets buffeted by tsunami

Oil and oil products markets buffeted by tsunami

ist-7838224-pumpjackoil

Oil has had a volatile month. Approximately 1.3 million barrels a day of Libya's light, sweet crude exports were taken off the market in March, according to the International Energy Agency, as the protests that began around February 17 turned into civil war. By the middle of March, benchmark crudes traded at $10-15 a barrel above their average February levels.

But upside risk to oil prices from Libya and Bahrain was combined with significant downside risk on March 11 when an earthquake and ensui

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: