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1.Market Observations, 8.Was Sticky

29 Nov 2018 (AFR) – Oil investors await OPEC’s word, short bets surge

(29 November 2018, AFR, p27, by Devika Krishna Kumar)

‘New York | Global oil markets are nervously eyeing OPEC’s upcoming meeting for clarity on future supply as the dust settles after a full-fledged rout in crude markets over the last several weeks. So far, there is no clear view if production will be cut or remain steady, and that uncertainty raises the risk of more volatile trading after mass selling caused oil to drop by more than 30 per cent in little over a month.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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