Oil and Molybdenum Are Poised for Future Gains
Aug 4th, 2009 | By Chris Mayer | Category: Oil Investment & Alternative EnergyThe oil price is stubborn, like a two-year-old who refuses to eat his mashed peas. Despite all evidence that the market is well supplied, oil is over $70 a barrel again as I write. Taking the view out to the horizon, though, I think it will go higher and will drag the price of most commodities higher in its wake.