2011: 'Odd year' for oil

01/09/2012
In case you didn't notice, 2011 was "an odd year"—one of "volcanic change" that yet led to circumstances "conducive" to maintaining consistent oil prices, said Paul Horsnell, managing director of Commodities Research at Barclays Capital, London. He said, "The contradiction of 2011 is that once the pattern of the key dynamics was set, we have found it a year that has enabled the maintenance of consistent price forecasts for global benchmarks. Stability in price dynamics has coincided with instability in the basic building blocks that help determine the main frameworks for the oil market." With the notable exception of West Texas Intermediate, benchma...
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