Trafigura hints at possible $60 oil

• APPEC-Trafigura exec says oil market is more concerned about foreign policies under next US president.
• APPEC-Trafigura exec says no secret Trump is not a fan of Iran.
• APPEC-Trafigura exec says oil market likely to be more volatile if Trump was to become president.
• APPEC-Trafigura exec says shadow fleet still moves large amounts of Russian oil, while Iranian oil continues to flow.
• APPEC-Trafigura exec says a portion of the market thinks China probably has more stimulus plans held in reserve depending on US election outcome.
• APPEC-Trafigura exec says oil prices may fall to $60 a barrel sometime and relatively soon.

This article was written by Arno V Venter at www.forexlive.com.