Oil Price At Nine Month Highs

World oil prices surged again to new nine-month highs Friday as traders fretted about the impact of heightened geopolitical tensions over Iran on global crude oil supplies. New York’s main contract, light sweet crude for April, soared almost $US2 a barrel, closing above $US109 for the first time since May.

Please feel free to read RBS Commodity Weekly thanks to Di Colledge and you can read there  outlook for oil.  Please note it is for informational purposes only.