SaxoTV

Hansen: Where's the floor in crude prices?

904 views
November 14, 2014 80 dollars, agriculture, brent, brent crude, brent wti, bushel, bushels, coffee, commodity, commodity trading, content, corn, crude, crude oil, crude prices, cushing, energy, energy market, energy sector, finance, financial, floor, grains, hansen, how to trade commodities, natural gas, news, news video, oil, oil declines, oil market, oil markets, oil price, oil prices, oil production, oil supply, oil trading, ole, ole hansen, price, saxo, saxo bank, saxo bank trading floor, saxo tv, sector, social trading, sugar, trading, trading commodities, tradingfloor.com, tv, video, video content, video news, wheat, wti
Despite a slight rally this Friday, Brent crude continues to trade well below $80 / barrel after losing some $7 this week alone. Saxo Bank's Head of Commodity Strategy, Ole Hansen, says we're seeing a 'paradigm shift' in oil markets. He discusses what the next moves could be.
The energy sector as a whole saw big declines, with natural gas losing some 10% in a week. Ole suggests we could be seeing some stabilisation now after weeks of strong volatility. 
Grains and agriculture are the big commodity winners this week. Ole says we could soon see wheat prices reach $6 / bushel and he tells us why.