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Commodities Briefing - Categorized | Oil, Price Watch more

Why the world oil prices should be high and stable

Posted on 21 March 2014

After a decade of volatile prices, the past three years saw an unusual period of stability in the oil market, with a barrel of crude oil averaging $110 each year. However, forecasts for 2014 predict a decline to an average of $105, on the basis of expanding supply and a weaker-than-expected demand.
A combination of geopolitical events in Syria, Libya and Nigeria have prevented oversupply despite the expanding entry of US shale oil into the market. The price has remained high thus far, but how long can prices stay above $100?……………………………………….Full Article: Source


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VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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