Morn all , In the last couple of months we've heard every reason under the sun to justify why oil is trading at these prices . Last week it was Norway on strike , hurricanes in the Gulf , attacks on Iraqi oil lines , Yugos in Russia going belly up , China's growing demand , India's growing demand, Opecs reluctance to increase supply, not enough ships for transportation . The list goes on and on and every week is a different reason .
I wonder when the press will tell the truth ?
Maybe we'll have to wait till after the USA election for clarification or maybe we'll find out the exact reason 1 - 2 weeks before .
Is it a coincidence that the USA market has been consolidating all year ?
I'll let u guess where or what might be going to happen soon .
