KQED Nightly Business Report June 9, 2016
Prices settled above 51 a barrel. Thats an 11month high and nearly double the lows hit in februa thanks to one of the most powerful crude rallies in years. Experts stay a sustained price just above 50 a barrel takes some of the pressure off of producers yet its not enough to translate into sharply higher price at the gas pump for consumers. We look at where Oil Prices May go next and how long they may stay in this sweet spot. Reporter oil prices are the rise from february lows where crude got dangerly close to 26 a barrel. An interesting dynamic emerging. In a higher priced environment perhaps...