Yep ... agree with Ian that "the main story is still Chinese and Indian demand, and the decline of the great fields of the 1970s"
Also, US$ weakness logically translates to higher US$ oil prices.
Add to that the geopolitical tensions of the middle east and you have a very volatile oil market which will progressively trend up - sometimes violently so.
I would not be short oil or oil stocks.
- Forums
- ASX - General
- oil hit us$48.70 - fresh threats to inventories
oil hit us$48.70 - fresh threats to inventories, page-4
Featured News
Featured News
The Watchlist
RC1
REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online