THE OCTG MARKET

摘要

Since we will be providing any updatesto our forecast in our next issue, we decided toupdate the oil price chart below so you havethat fresh in your minds for next month. Thestability in the price through early October –excepting of course, for the occasional dip andspike, is matched only by the volatility thatwe’ve seen since then. As you recall, therewere concerns about supply, concerns aboutdemand, the economy – the list goes on andon. Now, despite another interest rateincrease, slower growth in China, on-goingconcerns about the trade war, and the partialU.S. government shutdown, oil has staged a bitof a recovery. No hype like the kind we saw inthe runup in price in early October, but perhapsa more rational view of the overall market.