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Three Days Of Oil Price Decline
This really is significant. This is the biggest drop in a number of years. The prices are testing a key support number, $129 a barrel. If it breaks down below $129 and then below $125 a barrel, we are likely to see prices in the $115 to $120 a barrel sometime next week.
A month ago [...]
Have Oil Prices Peaked?
Barron’s has an interesting article on oil prices. For a couple of months many have been speculating on whether the current run-up in oil prices constituted a bubble or just normal supply and demand pricing. Barron’s is now openly questioning whether the current prices are sustainable and as is usual with Barron’s they make a [...]
