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Slippery path awaits black gold in 2009

Posted on 29 December 2008

From The Herald: Crude oil prices, which fluctuated wildly in 2008, will remain volatile during the new year, trading in a range of $40 to $65, according to forecasts from oil traders, economists and the International Energy Agency.

Black gold soared to a record peak of $147.27 in July, 2008, and then fell steeply to levels below $50 as the global credit squeeze and recession took hold….. Full Article: Source


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VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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