12.11.2010 - Why oil could top $100 a barrel
From Businessweek.com: The weakening dollar could trigger a steady rise in the price of crude, sending it over $100 next year. Oil prices have hovered around $78 a barrel most of the year, providing little excitement as other commodities, including copper, gold, and cotton, have enjoyed record runups. Global economic growth has not been brisk enough to drive up oil demand substantially, U.S. inventories have been ample, and the Saudis have been pumping enough to guarantee a plentiful supply..............................................Full Article: Source
Print