The ongoing oil sell-off in Asia yesterday met a brick wall and dramatically reversed when Europe entered office. Oil received a little shove from a lower US dollar in the
Aluminum traded at $2,746.50 per LME at 5:54 p.m. In local time, copper increased by 1.2% and nickel by 0.8%. Aluminum goods from coal experienced considerable fluctuations in London on
Goldman Sachs predicts that oil prices could reach $100 a barrel by the end of the year. Many consumers are afraid of the costs of further inflationary pressures that have
Mohammad Sanusi Barkindo, Secretary-General of the Organization of Petroleum Exporting Countries, cautioned Tuesday that a lack of gas supply could deteriorate due to a lack of investment in the industry.