Oil prices steadied at about $127, $8 dollars below its record. The pundits are predicting $150 and some even $200 per barrel by Year End. As usual I never believed in those predictions. I based my own predictions based on experiences. I would feel that with the gradual weakening of the US economy, it will weaken the rest of the economy. Also the high oil prices calls for industries to be much more fuel efficient. I would say that a drop is imminent A big drop in the oil prices is expected very soon.
The Future of Oil Prices
By Finance in The Future of Oil Prices
Jun
2