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Hansen: Where's the floor in crude prices?

Despite a slight rally this Friday, Brent crude continues to trade well below $80 / barrel after losing some $7 this week alone. Saxo Bank's Head of Commodity Strategy, Ole Hansen, says we're seeing a 'paradigm shift' in oil markets. He discusses what the next moves could be.

The energy sector as a whole saw big declines, with natural gas losing some 10% in a week. Ole suggests we could be seeing some stabilisation now after weeks of strong volatility.

Grains and agriculture are the big commodity winners this week. Ole says we could soon see wheat prices reach $6 / bushel and he tells us why.

01:59 minutes
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