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Commodity Trading Discussion Forum

Re: So was oil price at $147/b due to demand / tr!

Posted By: limitup
Date: Friday, 10 October 2008, at 9:06 p.m.

In Response To: Re: So was oil price at $147/b due to demand / tr! (trend)

No...the few in the know, know the planet is running out of oil at a rapid rate...not near term. This is why the open interst was much higher in the back months. Demand I think was always on the back burnner of thinking minds. If you remember, Yukos started the bull market...it was a supply side issue long term and alays will be in the global market. I hope this was a good wake-up call for my fellow Americans. Next time it won't be so pleasent.

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