After falling from $147 to $35 per barrel towards the end of last year, crude oil has once again gained and touched $45 per barrel on speculation that China's stimulus plan may spur demand for the commodity near term. However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
Oil prices fell below $80 on Tuesday as euphoria about global bank bailout efforts gave way to concerns about the health of the global economy. Olivier Jakob, analyst at Petromatrix said: The government interventions are probably a good step in trying to unlock the credit freeze, but crude oil will gain (significantly) only when there is [...]
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