Oil supply disruptions in Libya and Canada and Venezuela concerns are likely to boost oil prices in the short term, Chris Weafer, senior partner at Moscow's Macro-Advisory consultancy, wrote in an emailed note to investors on April 12.
“The price of Brent was more volatile than usual in March due to the conflict between still poor fundamentals and the political statements from OPEC. Short-term, the price looks well supported with outages in Libya and Canada and Venezuela concerns,” Weafer wro...
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