With the extension of the US debt ceiling issue until May 2013, in conjunction with investors optimistic feelings toward the U.S. and Chinese markets, oil demand and prices continue to remain at a high point. The recent stability of the Euro-zone economy has also contributed to these high values, according to leading oil industry experts.
The US Energy Agency dropped West Texas Intermediate and adopted North Sea Brent Crude as the benchmark for oil forecasting, which just reached a 3 month price peak. The peak was seen not only in Brent oils trading price, but also in the amount of its online mentions across various public social media channels.
Using advanced data mining programs, Viral Technologies analyzed about 100,000 online mentions in the last three months related to crude oil, its future prices, risks and other related political decisions that were posted online.
While the vast majority of posts queried in English came from the United States, other countries like China, India, Brazil and the United Arab Emirates also contributed heavily to social media mentions velocity tracking. Overall, public mentions related to oil were spread across no less than 157 countries, showing the global implications and importance of the topic.
Viral Technologies will continue expanding our proprietary algorithms that follow developments in the global oil market. Combined with our human intelligence foreshadowing techniques, we continue to monitor global capital markets for our financial and institutional trading partners.
 Oil and Gas Journal, Sam Fletcher; Published: Feb 4, 2013
 CNBC Business News, Reuters; Published: Dec 7, 2012
 Oil-Price. net