(EnergyAsia, May 16, Friday) — The recent sharp rise in oil prices is due mostly to supply-demand fundamentals, rising industry costs, geopolitical crises and the decline in the value of the US dollar, said a leading energy consultant. However, speculative investors are playing an increasingly larger and aggressive role in the market as energy and…
MARKETS: Fundamentals driving high oil prices, but speculation plays a part, says consultant
Posted on May 15, 2008 by EnergyAsia