Search This Blog

Wednesday, February 25, 2015

Oil

Reuters: Brent crude up 5 percent as Saudi sees improved demand for oil

2 comments:

Glynn Kalara said...

Gas prices will be right back up to $3.50 and above by summer is my guess.

Jim Sande said...

There's different varieties of oil and I suspect how they are used varies as well, what's used for gas, for airplane fuel etc. Brent is holding around $60 and the light crude around $50 give or take. We've been reading all kinds of differing reports on how the price will go in the future. My own guess, and it's truly a wild guess, is that there's still a glut and the price is going to still have some swings especially downward. I also suspect that a lot of the OPEC nations are really feeling the heat with the price down and so now there's more pressure on the Saudis to yield their greedy little hearts a tad.