Rising oil price and summer demand outlook

Peter McGuire, managing director of Commodity Warrants Australia, talks with Bloomberg's Catherine Yang from Sydney about the outlook for crude oil. Stephen Schork, president of the Schork Report, talks to Bloomberg's Monica Bertran from Philadelphia about the outlook for the crude oil market, the impact of gasoline prices on the U.S. summer driving season, and oil refinery utilization. The peak consumption period lasts from Memorial Day weekend in late May to Labor Day in early September. Source: Bloomberg

YouTube | May 11, 2008

Tags:. .season. .market. .late. .driving. .report