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Crude oil prices

This is a discussion on Crude oil prices within the Commodities forums, part of the Investment Options category; crude oil prices stable a bit, seen a beep upto $75 per barrel, currently trading at $ 71.93 well no ...


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Old 05-14-2006, 12:38 PM
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Default Crude oil prices

crude oil prices stable a bit, seen a beep upto $75 per barrel,
currently trading at $ 71.93

well no clue where its gona go from here on !
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Old 05-20-2006, 10:41 AM
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Why are the oil prices rising though? I cant understand

plz tell me that what is the cause of oil price inflation coz I never got it in my head.
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Old 05-20-2006, 10:52 AM
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Crude prices rice due to shortage in supply of crude oil and rise in demand. Organization of the Petroleum Exporting Countries (OPEC) is an organization which helps to stabilize the price, at times it goes out of its control. Hope that answers your question mike.

Last edited by craig : 05-20-2006 at 11:11 AM.
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Old 05-20-2006, 12:16 PM
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Yeah and the boom came after the Invasion of Iraq because the whole flow of Oil from that part of the world came to a halt.
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