Absorbing higher oil costs
28 August 2012
Q: I’ve been watching rising world oil prices with increasing concern in recent weeks. What are the primary factors pushing the market in this direction and what’s the forecast for future price movements?
A: Damien Cox, senior editorial executive at John Hall Associates, writes: Prices for Brent Crude have continued to strengthen in recent weeks and, we believe, will continue to do so for the foreseeable future. Because of this, attention is now starting to turn to the winter heating season. Analysts have commented that stocks of heating...