With sustained outages in the Middle East due to political turmoil, analysts are turning to a new metric to analyze the oil market’s fundamentals. Not long ago, OPEC was all powerful in the oil market and could single-handedly cause oil prices to surge or collapse, leaving the rest of the world to handle the consequences. [...]
Energy Prices Advance on Stimulus Expectations
June 6, 2012 By
(June 6 2012) GEONomic Investing. A triple-digit advance by the Dow Jones Industrial Average ignited generous gains in the energy sector on Wednesday, U.S. stocks posted their best day of 2012 as traders speculated central banks may soon provide additional stimulus to keep the global economy from sliding into recession. Energy stocks led all 10 [...]