US light sweet crude oil has begun a recovery which has seen it creep back over the $50 per barrel mark, it has been reported.
Following a dip to a three-and-a-half year low to below $50 per barrel, the oil price yesterday (November 24th) bounced back amid a wide-ranging rally on the stock markets.
US light sweet crude reached $54.50, while Brent crude also moved back into the $50 range, rising $4.74 to $53.93.
The fluctuating oil prices have caused much speculation about the importance of finding workable alternatives to oil, and many businesses with international supply chains will be hoping to reduce their exposure to the commodity.
Despite the current bargain prices available, a supply chain highly exposed to the price of oil is one which could triple in price without notice, as was seen over the summer this year.
A supply chain management company can offer a fresh approach to supply chains, saving most companies money and improving efficiency.
Manufacturing and Industrial:
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