Peak oil review - June 10 Oil and the Global Economy

1. Oil and the Global Economy
Oil prices rebounded some $4 a barrel last week to close at $96.03 in New York and $104.56 in London. Optimism about the US economy, rising equity markets, an increase in US demand – some of which may be going to exports, and a large drop in crude inventories...Peak oil review - June 10 Oil and the Global Economy