Oil: A Slippery Subject
Anyway you look at it, the volatility of oil prices is enough to confuse anyone.
Some experts warn that a rise in gasoline prices is once again around the corner. One report suggests that the national average for gasoline could rise to $3.50 a gallon as early as June, a 17% increase.
Oil companies continue to profit handsomely. Royal Dutch Shell (RDSA) posted a $27.5 bln profit. ExxonMobil (XOM), who reports earnings tomorrow, is also expected to perform well.
Anyway you look at it, the volatility of oil prices is enough to confuse anyone. The first step to understanding this slippery commodity is to look at basic supply and demand. Who has the oil? Who wants the oil? Everything else flows from here.
And if the subject is still too murky, Hoofy and Boo's latest report should help turn this opaque liquid clear as day.
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