America’s largest independent oil refining company CEO recommended $50 short crude oil nibbuns

America’s largest independent refiner CEO: $50 short of crude oil in the U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks news Beijing time 25 days Bloomberg said, has hundred years history of the commodities company Phibro LLC’s new chief executive said bearish this year crude oil rally nearly. The company was the largest independent oil refinery in the United states. Simon Greenshields Simon Greenshields as CEO of the latter, at the beginning of his own company after the acquisition of Phibro in January, he said, traders should be in the price of $50-55 a barrel short benchmark WTI (WTI). Greenshields said in an interview Wednesday, the organization of Petroleum Exporting Countries (OPEC) members may not be cut at next month’s meeting, and will increase the yield of Iran. WTI crude fell 2.8% to $46.77 a barrel on Wednesday. "The fundamentals remain bearish," he said in Connecticut at the Phibro headquarters in stamford. "If the OPEC meeting before the rally continued until the end of September if it is short of opportunity. Market current narrow fluctuations. Compared with group buying, I am willing to sell rallies." There have been a number of heavyweight oil industry from the past the prestigious Phibro, including Astenbeck Capital Management LLC Andy Hall and Marc  Rich, founder of Glencore; therefore, Greenshields has a certain weight for the oil price forecast. Mr Morgan, who served as co director of the Greenshields Stanley commodity business, has been working to revive Phibro since taking office in January, hoping that the company will regain its market share. Editor: Li bolt SF171相关的主题文章: