Not even Georgia, Ike hurricane OPEC cut or Venezuela tensions push oil prices?

Discussion in 'Energy Futures' started by crgarcia, Sep 14, 2008.

  1. It's incredible, when there's a trend no "news" may break the trend, in this case, a downtrend for oil.

    So, what really breaks trends is certainty (when markets become one-sided)?
     
  2. rc5781

    rc5781

    *Scooby Doo "HUUHHH??"*

    It's not supply and demand?????
     
  3. Of course it's supply and demand

    Demand is lower, prices are lower; however, we are a the lower end of the ST cycle so look for a bounce in crude from these levels. It could go as lowas 90 before rallying
     
  4. heck not even a serious flight to quality on the stock index sunday weakness kept a firm bid under crude tonight

    on second thought

    rally that black gold !

    :p