«It's very difficult to see, based on the current fundamentals,
oil prices rising significantly in the next few months,» he noted.
Not exact matches
Crude
oil price volatility
rose significantly, driven by the desire of some large producing countries to capture greater market share by driving
prices down sharply.
As Nobel economist (and one of my dissertation advisors at Stanford) Joe Stiglitz noted on Friday, a good part of the reason for
rising oil prices is because the producers are already awash in U.S. assets, and to supply
significantly more
oil will just force them to accumulate more low - return assets.
Even the Nigerian government had to postpone its $ 1billion Eurobond which was slated for 2016 to 2017 when a better investment environment had begun to emerge with
rising oil prices, larger foreign reserves, a new economic policy document and CBN policy refinements which have
significantly increased the supply of foreign currency and narrowed the gap between the various exchange rates.»
If you opted for the «downside protection» option for an additional 25 cents per gallon, heating
oil would need to
rise above $ 2.65 / gal before you broke even; however, you would have the peace of mind of paying a lower delivery
price if the
price of
oil were to drop
significantly.