Crude oil rises, expert urges caution

Crude oil rises, expert urges caution

MIDLAND COUNTY, TX (KWES) - An area expert said Friday to view recent gains in crude oil prices with caution.

The expert said on Friday to be cautious after the price of crude oil rose to $40 per barrel.

Stephen Robertson with the Permian Basin Petroleum Association in Midland says the rise could be "a result of international supply coming better in-line with international demand," but may also be attributed to a "number of other factors."

While hopeful that the upward trend continues, Robertson also "wouldn't be surprised if we see the volatility we've experienced since June of 2014 linger on a bit longer."

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