The price (US dollars) of a barrel of crude oil is normally three times the listed price (US dollars) of silver. This has been the case all throughout history. So you can get a good gauge on where oil prices will end up by watching the silver/gold markets. For this reason I predict we'll see gradual incremented increases in oil prices.
wow that is quite a relation.. has this co-relation been consistent in the past decades?
People are under the illusion that oil prices are uncontrollably going up, but this couldn't be further from the truth. What is seemingly causing the high oil prices isn't an oil shortage, it isn't because of greedy corporations, and it isn't because of labour costs. What is causing the illusionary increase in prices is the devaluation of the US dollar due to hyperinflation that has existed the past forty or so years. read more
It's silly to be a top caller. Until we start seeing prices rolling over to the downside with some conviction, I think we'll continue to see higher prices on crude this year.
by My Esoteric 12 hours ago
After oil prices came down to record lows after the Great 2008 Recession during the Obama administration, they have skyrocketed since Trump took office. Around the beginning of 2016, Brent Oil prices were around $30/bbl. Today, they are north of $80/bbl.Why?
by Aqeel Saeed 9 years ago
It fluctuate between $ 148 per barrel to $ 33 per barrel.
by Ben Evans 8 years ago
We are in a recession and demand for oil has dropped yet we still see prices rise. This is while supply is actually abundant. Some people say there is a glut.Oil demand in economic terms is described as inelastic. This means that a rise in prices will not affect consumption or...
by Jane Stevens 7 years ago
Truck drivers couldn't fill their rigs, Airlines couldn't afford to fuel up, shipping prices drove prices up on the shelf, companies started laying off people, the job market started falling in big numbers, the automobile manufacturers started losing sales and faced bankruptcies, loan defaults...
by Lgali 9 years ago
Oil Prices Going up Means Economy is Doing Good..
by Arvind Babajee 20 months ago
Explain rises in oil prices?
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