Where are oil prices headed? In May last year, crude oil was selling for $107 per barrel. Then the price started falling and reached $43 per barrel before it bounced back to $53 per barrel. So has the price found the support? Are we going to see a price recovery to $100 per barrel. If… Continue reading Where Are Oil Prices Headed?
Category: Commodities
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What Happens Next In The Global Economy Depends On This One Thing!
Oil price fell down from $107 per barrel to around $51 per barrel. With the fall in oil price, Russian Ruble also fell dramatically. Russian Central Bank raised the interest rates to 17%. But what happens next in the global economy depends on one thing: the price of oil. In a note to clients Tuesday,… Continue reading What Happens Next In The Global Economy Depends On This One Thing!