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Commodities Briefing - Categorized | Oil, Price Watch more

The oil price is erratic by default

Posted on 01 October 2013

The price of oil has fallen sharply in the past few weeks, but that only serves to draw attention to the still-lingering high cost of fueling one’s car, business and just about everything else.
Brent crude hasn’t been below $100 a barrel since a brief sojourn at the start of June and another in mid-April, mostly due to real or possible disruptions to supply from the Middle East. Friday’s telephone call between the leaders of the U.S. and Iran stuck an initial nail in the coffin of that risk; Syria seems to be falling into line with arms inspection demands. Libyan crude is coming back on line………………………………………..Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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