Sun, Apr 19, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

What the economy is telling me about oil prices

Posted on 23 July 2013

Oil prices continue to edge higher on the chart, and that’s pushing the cost of gasoline higher at the pumps.
Now, while U.S. crude inventories have risen over the past two weeks, I do not believe there’s a supply-demand issue that is propping it up. I believe the demand for oil has more to do with the summer driving season and other unusual factors, not a sustained upward move in oil prices………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40108 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2015
S M T W T F S
« Mar    
 1234
567891011
12131415161718
19202122232425
2627282930