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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices set to remain at $100

Posted on 09 December 2011

Oil prices are forecast to remain at around $100 a barrel in 2012 as global demand from developing economies grows, offsetting a slowdown in the crisis-hit euro zone, industry figures and reports said.
A fast comeback of Libyan oil production levels is also helping ease anxiety despite concern over the impact of a possible EU embargo on Iran oil over its nuclear programme, and uncertainties over uprisings sweeping many Middle Eastern countries………………………………………..Full Article: Source


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