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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices are holding, but for how long?

Posted on 17 December 2012

In a few days’ time, we will be saying “that was the year that was” which could mean good, bad or in between, depending on one’s perspective.
As for oil producers, they could very well cautiously celebrate the end of a tumultuous year where the price of the Opec (Organisation of Petroleum Exporting Countries) basket of crude oils rose from about $107 (Dh392.9) a barrel at the beginning of the year to approximately $123 a barrel as an average for March before falling sharply to about $94 for the month of June……………………………………..Full Article: Source


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VRS - who has written 36995 posts on Opalesque Commodities Briefing.


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