How Can You Win the Battle Against Rising Energy Costs?
Vacations, air conditioning ... even your BBQ - rising costs could leave you burned this summer. So, is there any way to beat the heat? Find out on a special Your World, today at 4p ET.
This topic has been much discussed over on Fox Business, where they're reporting that Brent crude oil prices gained on Friday, May 25, supported by a lack of progress in nuclear negotiations with Iran, returning investor focus to fears over supply if tension over the issue intensifies.
According to FoxBusiness.com, Brent crude rose 46 cents to $107.01 a barrel by 1040 GMT. U.S. crude added 46 cents to $91.12. However oil was still down almost 13 percent this quarter, its biggest such drop since late 2008, and with a lack of any significant positive newsflow, analysts were braced for further losses.
"There's no real reason for the gain. There is no resolution to the euro zone issues, it just looks like a rebound after a long fall," said Bjarne Schieldrop, analyst at SEB in Norway.
Read the full article here, and check out this video in which Liz Claman interviews GRZ Energy President Anthony Grisanti on the outlook for oil prices.