The 9th of September, Jinshi Data reported that Javier Blas, an institutional analyst, said that the comments on the first day of the annual Asia-Pacific Petroleum Conference (APPEC) held in Singapore have been quite pessimistic so far. Oil traders Vitol, Trafigura, and Gunvor all stated that the market supply is very abundant. Trafigura, usually optimistic, believes that there is a risk of the oil price falling to $60 per barrel soon.
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The 9th of September, Jinshi Data reported that Javier Blas, an institutional analyst, said that the comments on the first day of the annual Asia-Pacific Petroleum Conference (APPEC) held in Singapore have been quite pessimistic so far. Oil traders Vitol, Trafigura, and Gunvor all stated that the market supply is very abundant. Trafigura, usually optimistic, believes that there is a risk of the oil price falling to $60 per barrel soon.