While global economic recovery may very well be more realistic and purposeful when the benchmark for crude remains at lower levels, I certainly don’t believe it is the ultimate and most important factor. In reality, economies of the world have been recovering slowly but steadily of late in spite of escalating crude oil prices.
Historically crude oil and prices paid at the pump rise dramatically during the months of summer. It’s quite obvious that in spite of current economic conditons this year will be no different. Other information on this web page shows the natural resources sector and gas/oil prices are hot commodities.
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Tuesday, June 9th, 2009 at 7:41 am
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