Oil prices remain strong, despite worrying fundamentals

摘要

CRUDE futures remained above $75/b throughout November, exceeding $80/b early in the month before trading down to just over $77/b on 20 November. On the surface, that gives plenty of comfort to producers. Opec says $75/b is its target, while even deep-water specialists such as Petrobras can continue drilling pricey offshore regions at a much lower price.