Average oil prices of about USD 126 per barrel; so is the assessment of Global Risk Management in the quarterly report which will be published on Monday. Oil Risk Manager, Michael Poulsen, underlines that they are talking about an average opening up for possible massive fluctuation. This might happen as a result of the political insecurity about the situation in Iran.
This Wednesday, the American oil stocks will send out their latest figures showing a building up of inventory whereas the European depots are smaller at this time of year than they have been for many years and thereby making prices go up.
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