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Commodities Briefing - Categorized | Oil, Price Watch more

Oil will soon head back to $100

Posted on 06 November 2008

From Scotsman.com: Lower oil prices may provide welcome relief for the economy and consumers, but they are not here to stay. According to the head of one of Scotland’s largest oil companies, the price of crude oil will soon be moving back towards $100 a barrel.

Since peaking at $147 a barrel in July, the price of crude has more than halved, trading briefly below $60 a barrel in London at the end of October and averaging below $70 since….. Full Article: Source


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