Still, Oil Prices Will Remain High!

In a report published by The Street, unfortunately there won’t be much relief at the gas pumps. Moreover, we’ve been witnessing an array of opinions, papers and articles attacking the ideas that the gas and oil prices are affected by Obama’s recent plan on the Commodity Futures Trading Commission against speculation. Besides, Syria’s disorder is adding up to the chaos of oil prices across the world.

Moreover, because of nuclear negotiations with Iran, oil prices have soared up in the last couple of weeks. But there is hope that Iranians will give up their uranium enrichment programs and thereby put an end to tensions in the Middle East and the ever-increasing threats of a supply shortage.

And quite possibly, there has been any supply risk and the impending EU embargo of Iranian oil has caused the oil and gas prices soaring up and may continue to retain high.  

Over and above, Chinese PMI reports, growing Spanish bond and Greek’s political unease are all affecting global stock market and similarly fueling oil prices. 

Alongside, according to the report published in Reuters, Iranian President has claimed that they can withstand a boycott of Iranian oil exports for over 2 years if need be.

Contrary to this, defense minister of Israel expressed doubts that sanctions can be implied to Iranians to abandon their nuclear aspirations.
 

And most importantly, the ever-increasing global demands of oil will again boost up the oil prices high and this may give ultimate advantages to investors in oil and gas to stand a good chance of getting higher returns on higher prices across the globe.

So whether it’s about buying oil stocks or participating in drilling rigs, the higher prices of this liquid gold, although can’t ease the consumers but the investors!