Oil prices rose slightly on Thursday after tame U.S. jobs and economic data signaled the Federal Reserve might be less hasty to raise interest rates and as a surge in gasoline futures drove expectations for more crude demand.
Ever since the credit market crisis in 2008, the world has been in an extraordinary period of central bank intervention. As QE3 comes to an end, analysts are looking to a return to normal. But what is normal?
Are falling crude oil prices a good or bad thing? The Saudi oil price war is raising those questions as they cut the selling price to Asia and say they think oil will stabilize at $60 a barrel which may become a self-fulfilling prophecy.