Iran Tensions And Crude Oil: What It Means For Your Portfolio

Crude oil is arguably the most widely-traded commodity on the market and it is also one of the most significant. Much of the past year saw crude sway violently back in forth much like general equities, but oil prices have recently been enjoying a nice upward momentum that began in early October. With prices now broken through the triple digit barrier once again, investors look to the price drivers for crude to see if the commodity is overvalued or if now may be a good time to buy in. Perhaps the most important factor to consider in trading crude today is the tensions and issues revolving around Iran [see also 12 High-Yielding Commodities For 2012]. The past year dealt with a widespread revolution through out Africa and the Middle East, halting the crude production of some of the most powerful producers on the globe. This sent prices up to $115/barrel, … See the full story here →