Top managers in the energy sector talk to Joanna Faith about how they are playing the surge in oil prices.
Oil prices have been on an upward spiral over the last 12 months with recent events in the crude-rich MENA region and Japan driving them even higher. Apart from the odd breather, the price has been steadily rising – at the time of writing Brent Crude had fallen back to $114.8 after hitting over $116 a barrel last Monday on the back of raised concerns about production following air strikes against Libya. The WTI oil price was hanging at $105. While there are fears the surge in oil prices could derail the global economic recovery, managers in the energy sector believe the current situat...
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