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Commodities Briefing - Categorized | Oil, Price Watch more

Three ways to profit from the rise in oil prices

Posted on 24 July 2013

Signs of an improving US economy have been positive for share markets around the world, but they have also helped spur on the price of oil. Falling crude oil stockpiles in the US and fears that Egypt’s oil production may be impeded by ongoing political turmoil have also aided the cause with oil sitting just off its 16-month high of US$109 per barrel.
This is bad news for consumers, compounded by recent falls in the Aussie dollar, but it makes for prime conditions for oil and gas producers earning US dollars………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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