On an uptrend: A cyclist is seen passing oil silos at a refinery in Rotterdam. Brent crude, which has already reached a two-year high of US$73 (RM300.76) a barrel, could rise as much as US$5 (RM20.60) in the coming months. — Bloomberg
NEW YORK: The world’s largest independent commodity traders see oil prices rising further this year as demand continues to grow and supply remains constrained.
Yet as top executives from Vitol Group, Trafigura Group and Glencore Plc agreed on the direction of the crude market, they also differed over the size and duration of the rally.
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