The Energy Report - High Five

By International Business Times,  August 20, 2012, 07:41:16 AM EDT

Oil prices are going to try to make it five days in a row of higer prices as the market seems to be getting support from the rising US stock market and hopes that the ECB will begin a bond buying program to help out beleaguered Euro zone rate challenged countries. As the world gets geared up for more stimulus and word that Saudi oil production is rising seems to suggest either that demand is getting better or the Saudi's are trying to make sure the market is well supplied ahead of any impending conflict.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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