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
West Texas Intermediate
WTI (West Texas Intermediate) crude-oil futures slipped after failing to breach the more than four-year highs of $66.66 per barrel set in January of this year.
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