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Commodities Briefing - Categorized | Oil, Price Watch more

Will oil prices resume their downward trend?

Posted on 27 November 2012

During November, the price of oil has increased by 2.4%. United States Oil (USO) also rose by 1.7%. The recent rally in the price of oil may have been stemmed, in part, by the recent tensions in the Middle East.
The rise in oil prices may have also had a positive impact on energy companies’ stock, such as Exxon Mobil Corporation (XOM). Will oil prices continue to rise? Let’s examine the recent developments in the oil market and try to figure what’s next for crude oil………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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