Oil prices have pulled back from the recent rally, due to a resurgent US dollar. Brent and WTI prices are being pressured lower, along with gold, as the dollar rallies. The pullback this morning comes despite a bullish outlook by OPEC for the second-half of 2013. Well, it is not a uniformly bullish outlook. The cartel did not raise its demand outlook, and they cited downside risks for the rest of the year.
Energy Overview — TotalView™ of the Energy Markets