2007 Price Peak May Have Been Hit In July

摘要

From the perspective of supply and demand fundamentals,the global oil market looks like it may have hit its price peak for the year in July.After a modest second-quarter inventory build,oil market balances tightened further in July despite a hefty rebound in non-Opec supply and a good month for exports from both Iraq and Nigeria,and crude prices peaked at 78 per barrel.