Oil is currently in a recovery mode after being oversold in May, according to Victor Shum, senior principal at Purvin & Gertz. He explains why to CNBC's Oriel Morrison. Shum also offers his take on where oil prices are headed.
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Friday, June 4, 2010
Thursday, June 3, 2010
How Bad Can the Oil Spill Get - Raw Video
June 03, 2010 — AssociatedPress — NOAA has released animation depicting how wide the oil spill may spread if the loop current in the Gulf of Mexico is in a typical configuration. It suggests the oil may spread up the Eastern Coast and well into the North Atlantic.
See downside for crude around 36;72.50/bbl: Angel Commodities
June 03, 2010 — In an exclusive interview with CNBC-TV18, Naveen Mathur, Angel Commodities, speaks about various commodities and gives his outlook going forward.
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