Crude-oil prices extended gains midway through August, with analysts viewing this as a positive sign that prices could firm in the near future. The optimistic outlook comes against the backdrop of an expected surge in demand for gasoline amid the driving season in the United States
According to the State Secretariat for Economic Affairs (SECO), the Swiss economy expanded by 0.6 percent in the January-to-March quarter of 2018. The numbers more or less aligned with those in the previous three quarters, while exceeding market expectations of a 0.5-percent growth.
Crude-oil prices have spiked more than 22 percent in the last three months to their highest level in more than three years, with prices of light, sweet crude scaling $66 in January for the first time since December 2014
The Mexican economy has been on a bit of a ride these past 12 months. Peaking at US$1.29 billion in 2014, gross domestic product (GDP) has fallen consistently since then. Growth has hovered near the 2.3-percent mark in recent years, while consumption has been on the rise since 2014.
Crude oil, or black gold as it is commonly referred to, may not exactly be a tangible investment asset like gold—or some of the other precious metals, such as platinum, palladium or silver