- As long as China and India continue to increase demand, we will be in a bull market.
- (nonexistent) Spare capacity is to blame; look to stabilization in Iraq, Nigeria and Iran as the primary means of getting oil prices to settle down.
- High gas prices in the US have led to a drop in demand (I actually consider this to be good news -- it's the first evidence yet that an American market will indeed respond to high prices at the pump).
Friday, May 19, 2006
Crude prices rising again
Reuters has the full story. Summary and upshots: