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Sunday, November 22nd, 2009

Posts Tagged ‘ Price Rally ’

Oil Prices Due for a Short-Term Setback, Although Long-Term Outlook Remains Bullish

Jul 6th, 2009 | By Jason Simpkins | Category: Featured, Oil Investment & Alternative Energy

While the long-term outlook for oil prices remains bullish, don’t be surprised to see a near-term correction. After tumbling to a low of $33.98 a barrel on Feb. 12, crude oil more than doubled in price, soaring to $69.82 on the New York Mercantile Exchange (Nasdaq: CME) – before tumbling nearly 4% on Thursday on a worse-than-expected jobs report.

Tags: CME, DB, Emerging Markets, Global Economy, GS, IEA, IMF, Jason Simpkins, JPM, Market Sentiment, MS, Oil Market, Oil Prices, Price Rally
Posted in Featured, Oil Investment & Alternative Energy | No Comments »

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