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Commodities Briefing - Categorized | Metals and Minerals, Oil, Price Watch more

High oil prices prove a boon to lithium companies

Posted on 16 July 2013

The price of oil is subjective. It depends on viscosity, sulphur content, location and many other factors like Middle Eastern politics. The price of West Texas Intermediate crude is pushing over $100 a barrel again. The price of Brent crude is a few dollars higher than that.
But then there is the price of oil in Lac Megantic, Quebec. That price is many lives lost. After the tragedy of the runaway oil train, the price of oil in that town is immense. And it’s another factor that will affect the equation for oil transportation, insurance, and other costs in the oil industry………………………………………..Full Article: Source


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VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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