Worries For Oil Producers, But US Outlook is Rosy
Posted on January 22, 2013 at 11:19 AM EST
BP/AP Challenges ahead With the deadly terror attack in Algeria putting a newfound focus on threats to energy supplies, crude oil prices are expected to move higher. There is speculation that futures contracts for the U.S. benchmark oil contract, West Texas Intermediate or WTI, could top $100 per barrel. WTI closed last week at $95.96, [...]