But when I do look at Saudi Arabia, I get a sense that they are saying, well, look, we are going to continue to have the supply cuts there ...

“Russia is the second largest producer and holds a very big sway in terms of where the price goes. It is going to come on December 5. All e...

“Could crude price get to $130? We have seen it before and there is a longer way to go before it gets to that level. I do not think a lot o...

“There is a lot of action in the market which is causing commodity prices to come under pressure. ”

As long as that stimulus is there, it is going to translate into bigger demand, says Jonathan Barratt.

‘Margins contracting in steel is a cause of concern’

"I think all forecasts are out the window," said Jonathan Barratt, chief investment officer at Probis Securities in Sydney.

US West Texas Intermediate (WTI) was $1, or 2.1 per cent, lower at $44.90 per barrel.

We are starting to feel that all bets are off when we come to the nuclear agreement.

Base metals to me is probably one of the greater opportunities and so is the precious metal sector. Some of these commodities are available...

If there is weaker growth, then crude prices should be trading lower, says Probis CIO.

Once we get a resolution of tension in the Middle East, prices will track lower from here, says Barratt.

Old patterns will help alleviate any cost pressures to the top side, says Barratt.

At these levels, there is more concern for economic growth, says Barratt

“Price rise on back of OPEC trying to push through supply cuts and easing in US-China trade tensions.”

Prices were edging lower during Asian trade as investors took profits after Thursday's gains, analysts said.

Global funds started unwinding long position on crude a week or two ago, says the Probis CIO.