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World-Signals

World-Signals, Forex, Stock, Metal and Energy Trading

The Oil Prices At $90 Per Barrel A Signal For $100 At The End Of 2007

Posted on 10/19/2007 04:02:19 | Link | Post Comment

The crisis with the Turkish army and the starting attack of the Turkish army into the north Iraq was just a reason for the new jump in the oil prices. The crisis with the oil is very deep and the investors prefer to buy at any price. The hopes for recovery of the oil prices are minimal. OPEC is not ready to increase the production. The prices breaks above 90 dollars for barrel is a reason many investors to believe that the early forecasts by this year for $100 per barrel will happen to the end of 2007. The oil prices rise for already 5-weeks starting at $78 for barrel. The world-signals.com Energy service predicts $100 for barrel in December 2007.

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