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Old 08-14-2009, 03:07 PM   #1
Steve
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Default Re: crude oil
Somebody's betting on a couple of storms...

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Old 08-15-2009, 10:21 AM   #2
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Default Re: crude oil
Quote:
Originally Posted by jledou View Post
It is supposed to be based on a straight supply and demand plus operating/production cost. Right now demand is down, supply is OK and refining capacity is at ~ 70-80% so right now I would set most of the price to speculation.
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Somebody's betting on a couple of storms...
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