Fri, May 22, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Agriculture, Commentaries, Oil, Price Watch more

U.S. too vulnerable to rising oil and food prices

Posted on 09 March 2011

From CNN: Last Friday, oil contracts traded in New York closed at $104.42 per barrel, levels not seen since September 2008. This second spike in as many weeks comes after fierce fighting in Libya has raised fears of an extended civil war and the shutdown of what the International Energy Agency estimates might be more than 1 million barrels of oil production per day.
Reuters is also reporting that hedge funds and big speculators have weighed into the market, seeing the real possibility of sustained high prices for petroleum……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 40596 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31