Crowds in Cairo are alarming and partly responsible for WTI crude pushing past $100/bbl, but...
Crowds in Cairo are alarming and partly responsible for WTI crude pushing past $100/bbl, but Liam Denning reminds that Egypt is a net oil importer, and Suez Canal oil transit totals just 0.1% of global demand. The big picture doesn't support higher oil prices: U.S. commercial stockpiles are near 20-year highs, and emerging markets will continue to drive demand growth. Even as near-month futures have risen by ~$7/bbl in the past month, futures for 2016 and beyond have dropped.
From other sites
at Nasdaq.com (Mar 26, 2015)
at Nasdaq.com (Mar 12, 2015)
at Benzinga.com (Feb 27, 2015)
at Nasdaq.com (Feb 26, 2015)
at Benzinga.com (Feb 23, 2015)
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