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Oil trading mired in crude oversupply
But oil trading firms expect volatility to return, though not in the short term
Published Tue, Sep 30, 2014 · 04:00 PM
[SINGAPORE] Crude oil prices are likely to stay low for a few more years as a result of an oversupplied market.
But oil trading firms, having had to stifle yawns with an insipid oil market in recent years, are hopeful that volatility will return to the market soon, given geopolitical uncertainties.
Moiz Saleem, the chief operating officer at Emirates National Oil Company (Enoc) Singapore, said: "In the near future, I expect volatility to return to the markets."
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