Market Forces: What Next for Oil Prices?
Published: 2009-01-09
Oil prices in 2009 will likely rise as the year progress, with supply playing a more significant role in determining prices, according to a research released by Moody's Economic.com.
Unlike last year, when financial speculation and over estimation of the economic prospect drove oil prices to record levels, this year’s rise would likely stem from the oil production cartel, namely OPEC, cutting output to maintain prices.
To read the full analysis in PDF format, click on this link – Market Forces: What Next for the Oil Prices?
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