Brent, Nymex prices may see divergence: ANZ Research
By Ira Dugal | Published On: January 15, 2013 10:40 (IST) | Duration: 3 min, 28 sec
Oil prices rose in US trading on Monday after OPEC output data showed a fall for the month of December. However, Nick Trevethan of ANZ Research says that Nymex oil prices may remain in check due to higher US oil output. He adds that Brent prices may move higher and diverge from the Nymex prices.