Crude Will Likely Follow Economy Down in 2012
My biggest concern for 2012 is the economy. In particular, I am concerned about a significant European event, contagion that crosses both the Atlantic and Pacific, and a general slowdown in worldwide GDP. In short, there is a high likelihood that crude oil prices will tumble.
Oil and the economy are linked. As the worldwide economy grows, so does demand for oil. And if demand falls, so should price....689 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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