After five years in which oil traded in a narrow band around the $100 US a barrel mark, crude markets returned to volatility this fall.
Back in late June of this year, oil was trading at $107 US a barrel. At year end, it was headed below $55 a barrel.
The months in between tell the story of how changes in supply and demand can lead to wild and unpredictable swings in the price of a commodity.
Geopolitical tensions earlier this year had the effect of pushing oil prices to a peak. It pushed through $100 a barrel in March because of tensions …read more
Source: National Newswatch
