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Commodities Briefing - Categorized | Oil, Price Watch more

Can you profit from the rising oil price?

Posted on 22 July 2013

Petrol prices roar away, but oil stocks are stuck in the slow lane. Emma Wall looks at the investment case. Feeling the effects of inflation at the pump? That’s because the oil price has risen steeply. Since early June, Brent crude has risen from a little more than $100 to reach $108.60 a barrel. Overall inflation rose to 2.9pc last week from 2.7pc the previous month – largely because the increase in the price of oil.
But despite the climbing price of oil, the value of oil stocks – and funds that invest in them – has so far failed to enjoy similar gains. But that could change………………………………………..Full Article: Source


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


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