Warwick Ventures Issues Guidance to Commodities Clients

Sept. 28, 2009 - PRLog -- Nassau, Bahamas – Warwick ventures offered an alert to their active commodities traders today not to be fooled by recent Middle East events. Crude oil prices will be more than offset by a rally in the U.S. dollar, even as traders remained pessimistic over global oil demand following last week's downbeat U.S. economic data.

"We believe the market may test the support level of $65 a barrel (in the near term)," said a commodity derivatives manager at Warwick Ventures’ Asian offices. "At the moment, because there is still a lot of inventory, seeing any great upside will be tough."

Light, sweet crude futures for delivery in November traded at $65.58 a barrel on the New York Mercantile Exchange, at 0617 GMT, down 44 cents in the Globex electronic session. November Brent crude on London's ICE Futures exchange fell 47 cents to $64.64 a barrel.

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Warwick Ventures is a Venture Capital firm specializing in the creation and development of small and mid cap companies Our expertise lies in our ability to identify fututre winners before the market. Our strategy is to work with these and help them grow.