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Commodities Briefing - Categorized | Oil, Price Watch more

Oil could hit $100 a barrel soon, JP Morgan predicts

Posted on 25 October 2010

From Guardian: Chinese demand could push crude to $100 a barrel soon, according to JP Morgan, with the weaker dollar and restocking of French oil inventories once strikes end also helping to drive up oil prices.
China’s economy was quick to recover from the global downturn and has been growing at a spectactular pace, resulting in rampant demand for oil. Growth has slowed slightly to an annual rate of 9.6% in the third quarter from 10.3% in the second……………………………………….Full Article: Source


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