Oil price volatility still concerns the market

After oil prices started to stabilise in the last quarter of 2009, all eyes turned to the market outlook for the year ahead. But as we enter a new decade, oil still remains at the top of the risk agenda and price forecasts differ vastly. Lianna Brinded reports


After a few months of stability in oil prices in the last quarter of 2009, hopes for a global economic recovery and, therefore, a more range-bound commodities market appeared on the horizon. However, at the start of this year, forecasts for oil still remain vastly different, ranging from $40 to $95 per barrel (bbl) and oil still ranks as one of the World Economic Forum’s (WEF) top 10 risks for 2010.

At a press briefing for WEF’s Global Risks 2010 report, representatives, which include major

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