Sun, Jul 5, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Explaining high oil prices

Posted on 14 December 2011

The U.S. economy is limping along, unemployment is still high, and gasoline demand for this time of year is at its lowest since the 1990s. So why does a barrel of domestic crude cost around $100?
Nymex crude futures have been on a tear lately, soaring 35% from the beginning of October to their recent peak in mid-November, and have crossed the $100-a-barrel threshold a handful of times………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 41254 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
July 2015
S M T W T F S
« Jun    
 1234
567891011
12131415161718
19202122232425
262728293031