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Commodities Briefing - Categorized | Oil, Price Watch more

Will oil price fall below $80?

Posted on 26 October 2012

During the month, the price of oil has declined by 7.5%. United States Oil (USO) also decreased by 7.3%. The decline in the price of oil in recent days may have had an adverse impact on energy companies’ stock such as Chevron Corporation (CVX).
What could have caused such a sharp drop in the price of oil? Moreover, will oil prices continue to fall in the weeks to follow? Let’s examine the recent developments in the oil market and try to figure what’s up ahead for oil………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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