Oil Ready To Fall?

It’s starting to look like the perfect storm for a decline in oil prices, at least in the short term.  Contributing factors include a weak global economy, tensions in Korea, the European debt crisis, high production levels from OPEC, and monetary tightening from China.  All that is missing from the equation is a warmer than average winter in the northeast.  January crude closed at under $83 dollars a barrel on Friday.

To read a related Wall Street Journal article, please click here:


James Sutliff

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