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Commodities Briefing - Categorized | Oil, Price Watch more

Positive effects of higher oil prices

Posted on 06 May 2013

Oil prices have moved around quite a bit of late, and the price of U.S. benchmark crude oil has even dipped below $90 a barrel. Lower oil prices are great for consumers, and they’re one reason we might actually be able to afford gas this summer.
However, not everyone likes to see the price of oil move lower, and it’s pretty obvious that oil producers prefer higher prices. Next time oil prices spike higher, think about the following positive effects of higher oil prices………………………………………..Full Article: Source


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VRS - who has written 39496 posts on Opalesque Commodities Briefing.


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