Crude Oil Hovers at 12-Month High

After a disappointing sell-off in April, crude oil has finally regained some positive momentum, although not necessarily for the most positive reasons. The fossil fuel is currently sitting at a 10-month high, as it finally broke through the triple-digit barrier for the first time since September of 2012. While the riots in Egypt have certainly played a role in the rapid rise in the price of crude, the U.S. supply levels are also playing a key role behind the scenes [for more crude oil news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: 3 Commodities Looking To Turn It Around in 2013 How Crude Oil Traders Manipulate The Market Backwardation Report: Cotton, Crude and Gasoline Face Falling Prices Bernanke: Fed Sticks To Stimulus Measures, But Changes Loom The Case Against Fracking