Top Oil Trader Mercuria Sees Market Bottom as Producers BleedBy
Forward selling by producers main reason behind market drop
Mercuria is one of the world's top-5 independent oil traders
The oil market is bottoming after Brent crude, the global benchmark, dropped below $30 a barrel earlier this week, according to one of the world’s largest independent energy trading houses.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.