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Commodities: Is Oil Bouncing Back?

Wed 13 Aug 08 | 07:10 PM ET
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Commodities: Is Oil Bouncing Back?

Wed 13 Aug 08 | 07:10 PM ET
Commodities prices have slumped the past week, but oil seems to have made a slight comeback today. Robert Parker, vice-chairman at Credit Suisse Asset Management thinks oil prices will go back above $120 a barrel level in the short-term. He tells CNBC's Martin Soong and Amanda Drury why.

Topics:

Commodities  | Currencies
 
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