Global stocks seesawed Friday, but oil prices were on the increase. This week the energy stock reached fresh six-month highs. Experts tell CNBC oil is becoming the new gold.
The Fundamentals of Oil
The recent rise in crude oil prices seems to be independent of the fundamentals of the market, says Azlin Ahmad, editor at Argus Media Singapore.
Oil — The New "Gold"?
Oil is becoming the new "gold", remarks Paul Schulte, MD of Nomura International.
Link Between Dollar & Gold
The inverse relationship between the dollar and gold is returning, notes Sunil Kashyap, MD of Scotia Capital. He discusses gold's safe haven appeal.