Analysts Predict Oil has Hit Its Peak . . . For Now ; Energy
Birmingham Post › August 06, 2008
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Summary
Oil prices yesterday hit a three-month low of EUR118 a barrel - prompting some analysts to say oil's six-year rally has run its course ... but only for now.
Oil sank to its lowest level since May 5, more than EUR29 or nearly 20 per cent below its record of EUR147.27 on July 11.See the full content of this document
Extract
Analysts Predict Oil has Hit Its Peak . . . For Now ; Energy
"Prices have peaked short term," said Mark Mathias of commodity fund manager Dawnay Day Quantum.
"I am still a buyer at much below EUR120, o...See the full content of this document
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