Akeman Capital Comment as Oil Prices hit New record, above $100
January 08, 2008
Apparently analysts at Akeman Capital are of the opinion that fears of dwindling supplies in the United States, projections for strong worldwide demand and a falling U.S. dollar were all contributing factors in the recent price surge.

A suicide bombing in Afghanistan that killed at least 35 people and a pipeline attack in Yemen also helped push prices higher.

A spokesman for Akeman Capital apparently commented that recent reports issued showed that worldwide demand was unchanged, despite high prices.

Sources say that, according to Akeman Capital spokesmen, the forecast for oil use growth worldwide in 2008 was unchanged at 1.5 million barrels per day. This was despite the fact prices have risen more than 20 percent.


About the Press Release
Recent reports from Akeman Capital have stated that oil prices set yet another record high recently, spiking to higher that $100 a barrel.


 
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