Will world oil prices rise above expectations again by the end of 2006, like they did in May 06?

watch prices start to increase shortly after


mid-term elections, just in time for high


winter fuel costs %26amp; holiday travellingWill world oil prices rise above expectations again by the end of 2006, like they did in May 06?
No one knows for sure whether oil prices will rise again. But we do know that currently, worldwide Demand is still strong due to strong growth in economies like China and India. On the other hand, Supply cannot respond quickly to increased demand, due to physical constraints. No new oil wells to increase production, no new refineries to process the oil. SO, if Demand remains constant and there is a cut in Supply such as by OPEC , or poltical worries, oil prices will rise again.Will world oil prices rise above expectations again by the end of 2006, like they did in May 06?
Its difficult to say. Geopolitical stability in places like N Korea and Nigeria, as well as global supply and demand fundamentals (like OPEC cutting/maintaining production), will play a role in price development.