Crude oil prices are back on the investors’ traders’ radar as oil prices hover around two-and-half-year highs at just above 76 USD a barrel, points out Darren Winters. The trajectory of crude oil prices is another important factor in the equation, bearing in mind crude oil prices are a large input cost for producers of …
Spike in crude oil
The recent spike in crude oil has less to do with rising global demand and more about a disruption to global oil supply due to a changing geopolitical landscape in Middle East oil rich region. World top oil trader, Pierre Andurand forecast early in the year of “$100 oil by 2020”. In light of the …