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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price spike could be a positive economic indicator

Posted on 09 July 2013

The price of oil is back above $100 (US) per barrel for the first time in more than a year. It’s a psychological barrier that creates worry around global economic growth, but some economists remain unruffled, at least for now.
Unlike in the past, when rising prices were partially blamed for economic droughts, experts see the current boost as a potentially positive indicator and driven by different factors than at other points in history………………………………………..Full Article: Source


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