"It's hard to see a successful agreement between OPEC and Russia to cut production and people are starting to see that," said Andy Sommer, senior energy analyst at Axpo Trading in Dietikon, Switzerland.
Date: Feb 02, 2016
Category: Business
Source: Google
Oil Swings Near Six-Month Low Before China Data Tomorrow
I dont expect any more rate cuts or measures right now,but if the ECB have something in the wording, it can impact theeuro-dollar and so impact oil prices, Andy Sommer, an analystat Axpo Trading AG in Dietikon, Switzerland, said by phone.Prices are a little bit below fair value right now. Th
Date: Aug 07, 2014
Category: Business
Source: Google
Brent Oil Stems Slide on Expectations of Stimulus - CNBC.com
"In the last couple of weeks economic data all over the world has capped the upside, and until data shows a strong rebound, there's little chance for a bounce back," said Andy Sommer, analyst at EGL in Dietikon, Switzerland.
Date: Apr 30, 2013
Source: Google
Oil Trades Near Four-Month High as Fed Maintains Asset Buying
The Fed is still providing enough money, said Andy Sommer a senior oil analyst at Axpo Trading AG in Dietikon,Switzerland. Im pretty optimistic on the demand side. Buttheres an ongoing supply overhang and prices should come downin the spring.
Date: Jan 30, 2013
Category: Business
Source: Google
Crude Trades Near One-Week High in New York on China Optimism
The China numbers are in line with what people expected,so thats the good news, said Andy Sommer, a senior oilanalyst at Axpo Trading AG in Dietikon, Switzerland, whopredicts Brent crude will trade at $112 a barrel by year-end.
Date: Oct 18, 2012
Category: Business
Source: Google
Oil Falls to Four-Day Low as US Supply Increases, China Slows
Demand is increasing slightly, slowly, whereas supply isincreasing a little bit faster, said Andy Sommer, a senior oilanalyst at Axpo Trading AG in Dietikon, Switzerland, whopredicts Brent crude will trade from $105 to $112 a barrel thismonth. I dont see big potential to the upside for oil.
Date: Oct 03, 2012
Category: Business
Source: Google
Oil Rises for a Second Day as ECB Agrees on Bond-Purchase Plan
Well have to have these quantitative easing measures.From a fundamental point of view, the market is still a bitoversupplied and needs rising demand to rebalance, said Andy Sommer, a senior trader at Axpo AG in Baden, Switzerland, whopredicts Brent will end the year at $112 a barrel.
Date: Sep 06, 2012
Category: Business
Source: Google
Oil Declines a Second Day as U.S. Supplies Seen at 22-Year High
Were seeing a temporary, seasonal demand-side weaknesswith very ample supplies, said Andy Sommer, a senior trader atEGL AG in Dietikon, Switzerland, who correctly predicted lastmonth that prices would fall. The European impact on globaloil demand is not that big and prices will rebound in t
Date: May 30, 2012
Category: Business
Source: Google
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Andy Sommer
Work:
Adobe Systems - PR Manager (2010) Spectrum Comms - Account Director (2006-2009)