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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices are still buoyant in April

Posted on 02 May 2011

Although there was a slight fall towards the middle of the month but it was short lived and the average for April is almost $118 a barrel. The year-to-date average is close to $101 a barrel compared to the average for 2010 of $77.45.
The Opec Secretariat finally accepted the fact that its oil demand estimate for 2010 and forecast for 2011 are in fact under-estimates……………………………………….Full Article: Source


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