Trade Bosses Warn Brent Ascent Too Rapid

摘要

A relentless rally pushed oil to its highest prices of the year on Tuesday, apparently on expectations that the market could rebalance if key Opec and non-Opec producers agree to freeze production this weekend in Doha, Qatar. But as Brent's June contract in London added $1.86 for a close of $44.69 per barrel, trading executives wondered if the market was running ahead of itself since inventories were still rising--even if Doha does deliver a deal.