08.05.2015 - Oil's wild ride: where will prices go?
Over the next six months, we may expect a Goldilocks scenario in which prices are neither too high nor too low. From Main Street to Wall Street, Beijing to Paris, people are interested in whether oil prices will rise or fall. I suggest that we begin to examine this question by asking why oil prices dropped like a rocket from over $105 per barrel on the New York Mercantile Exchange in summer 2014 to around $47 per barrel in January 2015. We can then see if the causes of the price collapse are likely to reverse going forward...............................................Full Article: Source
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