See crude at $130-135/bbl in short-term: Comm Warrants

See crude at $130-135/bbl in short-term: Comm Warrants

Crude has tumbled to USD 136 per barrel. It has tumbled the most in three months to USD 136 per barrel as the dollar gained. Concerns about economic slowdown also led to the decline in prices. Crude has fallen from a record high of USD 145.85 per barrel, which it hit last week
Peter McGuire, Managing Director, Commodity Warrants, believes one could see crude in the USD 130-135 per barrel range in the short-term. However, crude could ounce back to USD 150 levels by mid-August.