Friday, May 18, 2012

Why West Texas Intermediate Crude Is Heading Higher

by James J. Puplava, Financial Sense:

Jim welcomes back Joe Dancy to discuss the energy markets. Joe sees the completion of new pipeline projects in Texas narrowing the spread between WTIC and Brent crude, which could lead to price hikes in gasoline prices. Joe also expects crude oil and food prices to remain highly correlated, and up-trending over the next several years, which should be a very positive environment for companies in both sectors.

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