The Rising Influence of Rising Affluence

[Timothy Smith]

Even though oil prices could slowly pick up again over the next couple of years, there are reasons to believe that oil prices could fall over the short term.

Some factors to consider include: Stronger U.S. dollar, weaker global demand for oil, a rise in interest rates in the U.S. and high oil inventories.

All these factors could hinder on the recovery of oil prices over the short term.