Crude Oil prices: The Euro crisis, its implication on interim oil prices, Euro-zone and PIGS growth forecasts

Crude oil prices in Europe are now more expensive in relative terms than crude prices in the US. Take a look at the two charts presented below

Crude Oil Price outlook: What can a barrel of oil buy?

What can a barrel of crude oil buy and does that tell us anything at all about the direction and relative value of oil prices. Staring Monday morning I will officially go ahead and short oil. For the rationale for this suicidal move, please see the following evidence. Price across the commodity universe are back…Read moreRead more