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Commodities Briefing - Categorized | Oil, Price Watch more

Will oil price soar in 2013?

Posted on 02 January 2013

In 2012 the oil price which is one of the key global economic factors was between $92 and $125 a barrel. Next year’s oil price will be about $100 on average but if the situation in the Middle East explodes oil could hit the level of $200, experts say.
For the whole of 2012 oil prices remained within a comfortable range for the global economy, without any serious ups or downs. Experts point out that moderate fluctuations satisfy everyone. Analyst Vitaly Krukov from IFD Kapital Group expects the average oil price to remain on the level of 2012………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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