18.06.2013 - $100 a barrel for US oil looms again
Oil prices could consolidate around current levels this week, supported by expectations that the Federal Reserve won't slow its bond-buying program, according to CNBC's weekly sentiment survey, though some are not excluding an upside surprise and a return to triple-digit U.S. crude. Strategists highlight the $98 a barrel level for U.S. crude futures above the upper-end of the $90 to $97 trading range held since May 1 as a critical level. A convincing move above $98 this week may foreshadow a return to $100, defying the weak fundamentals of high supply and soft demand, they say...............................................Full Article: Source
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