Oh winter is back again , inspite of the joyous holiday season it also brings with it a set of problems, one being lot of expenses crop up with growing cold the demand for heating fuel has also gone up. It is also good that the cold weather will give an opportunity to remove the excess oil inventories . With this the demand has also gone up so the supply has to match , if it doesn't oil prices may go even higher.
And OPEC ( Organization of Pertroleum Exporting Countries) feel that they can cut more supply of oil , this may also cause oil to rise , and crude oil could be around $63 - $64 a barrel by the end of this month .Presently crude oil is lingering around $61.10 a barrel which is pretty high and I feel this trend will go on.
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