Sharekhan Commodities Buzz dated December 14, 2006

[Sunil]

 

Commodities Buzz [December 14, 2006] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Crude oil: Price curve to skew upwards Oil was back in action following a slew of market moving news including the release of the IEA monthly oil report and DOE's inventory numbers. IEA maintains global oil product demand at 84.5 million barrels/day in 2006 (+1.1% versus 2005) and 85.9 million barrels/day in 2007 (+1.7%). However the report is cautious about the 2007 forecast as it faces downside risks, due to the uncertainties regarding the US economy. The IEA has reduced China's 2006 demand growth rate to 5.6% from 6.2% given the weak demand over the past three months, paving the way for choppy sessions ahead.

Regards, The Sharekhan Research Team myac...@sharekhan.com

--
http://deadpresident.blogspot.com


--
http://deadpresident.blogspot.com