Brent Oil Price on the Rise Again
Brent oil price increased with 6% yesterday to $62, recovering from a minimum of $50 on January 20, 2015. June last year: $110
Editor: if the oil price can be more than halved in six months, it can also double in six months. Low oil prices encourage economic growth, which increases demand for oil, which increases prices. On top of that, a lot of North-American production facilities with high operational costs are being driven out of business due to the low oil price. It could take some time to get them started again. Perhaps Vlad’s purse will be full again next year.
[telegraaf.nl] – Olieprijs loopt stevig op