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Commodities Briefing - Categorized | Oil, Price Watch more

What’s next for oil prices?

Posted on 11 March 2013

While broad stock markets are at or near all-time highs, oil is still well below its peak price. The commodity is actually still below $100/bbl. and it has lost almost 20%– when looking at USO—over the past one year period.
This is pretty surprising as the more robust economy usually would signal modestly higher oil prices are not far behind. This is especially true given the broad positive data which has stretched across not only consumer figures, but employment and manufacturing data releases as well………………………………………..Full Article: Source


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