Long-dated oil prices have risen to nearly $100 a barrel, in a sign that investors are expecting high prices to return after the recession. The furthest forward oil contract traded on exchanges – the December 2017 futures – rose last week to $99.97 a barrel for the Brent benchmark and to $99.43 for the WTI, the highest since last October, and prices have risen by 10% in the past month.

This entry was posted by Gwen Robinson on Monday, November 9th, 2009 at 4:42 and is filed under Capital markets, Commodities. Tagged with oil. Edit this entry.