To all that read this blog and are aware of the crude situation will notice that right now Friday 26-10-2007 Crude oil rose above $91,87 a barrel to a all new record in New York, on the other hand we also have the dollar sinking more and more...now it's not a question of when we'll hit $100 but how quickly and how longer can this go on...
New
The U.S. has had sanctions against Iran since 1979 and it's not like we are just hearing for the first time about Turkey's intention to rout the Kurdish rebels in northern Iraq,what the headlines do is keep these issues front and center for anyone trading in this market ... So the real issue is what?
Every excuss is used to inflate the crude price in the international markets and some goverments and oil companies are grabbing this moment to increase the final consumer price... this is happening at the moment here in Portugal were the two bigger companies have increased what is already one of the worlds most expensive consumer prices...WHO CARES IF THE CRUDE PRICE IS THIS HIGH...APPARENTLY NO ONE...
29/10/2007
Going up...
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SOUTH AFRICA SPRINGBOKS
South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...
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Oil rose to a one-week high in New York after OPEC failed to reach an agreement on production targets for the first time in at least 20 year...
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Oil stockpiles have swollen to a record of almost 3 billion barrels because of strong production in OPEC and elsewhere, potentially deepe... -
The bulls are in control of the market and every excuss is used to inflate the crude prices, this time we have once more Iran, Nigeria and ...
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