One thing investors need to know: Don't be fooled by the market’s knee-jerk reaction to headlines – especially when it comes to oil prices.
There are some powerful geopolitical factors at play in the oil market. Pair that with the fact that supply/demand factors with oil are often misstated, and understanding the long-term direction of oil prices gets complicated.
That’s why Money Morning's Dr. Kent Moors joined CNBC World today (Wednesday) to talk about the direction of oil prices for the rest of 2012 and into 2013.
Moors explained the short-term and long-term targets for oil prices and what’s driving those price moves. Anyone who wants to know where oil is headed and why should watch his interview.