Crude oil surgest to 72 dollars
Posted by admin . Published on 29 June 2009, Received
The crude oil prices have started moving up once again , due to flow of speculative investments by hedge fund and also problems in Nigeria. As per unconfirmed reports, lot of hedge funds have started to invest again in crude oil and other major industrial commodities, because of slow and steady increase in the demand for these products.
Also, there have been reports of major disruption in the oil supplies from Nigeria due to the militants blowing off an important pipeline.
We need to also consider that there has been no real increase in the crude oil production capacity in the last few years, which might push up the crude oil prices to abnormally higher levels, if the global demand starts moving up again.
