At USD 129.42 ....
Oil is only inches away from its base camp of USD 130. After
that, it will certainly summon its strength and knock on the
door of the Sweet 16 Club (USD 160).
Speculation? What speculation .... :)
FYI: Oil production is stagnant at 8.5 million barrels daily
while demand is 8.7 million barrels. China, not the USA
is now the price taker. So until she could afford it no
more, sky is the limit. :)
Regards,
Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.
---
Posted via news://freenews.netfront.net
Complaints to news@[EMAIL PROTECTED]
|
