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Commodities Briefing - Categorized | Oil, Price Watch more

What’s up with oil prices?

Posted on 08 October 2012

During October, the price of oil has shifted from gains to losses on daily basis. Despite the sharp shifts in the price of oil it has only declined by 0.5% during the month. United States Oil (USO) also declined by the same rate.
The decline in the price of oil may have had a negative effect on energy companies’ stock such as Exxon Mobil Corporation (XOM). What has changed in the oil market to warrant such sharp shifts in the price of oil? Let’s examine what has changed in the oil market and try to figure what’s next for oil………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 39476 posts on Opalesque Commodities Briefing.


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