monkeydex
That Bloomberg article was excellent and this news supports that.
When we get Oil, base metals AND GOLD AND the DOW all going in the same direction in ONE trading day, you have "the perfect storm".
Merrill Lynch cuts 2009 oil price forecast
By Steve Goldstein
Last update: 4:21 a.m. EDT Oct. 2, 2008
LONDON (MarketWatch) -- Merrill Lynch cut its 2009 oil price forecast to $90 a barrel from $107 a barrel and warned that a "synchronous global recession" could bring oil prices to $50 a barrel.
It said U.S. oil demand is far outpacing its decline expectations, European demand is falling rapidly, and some of the emerging markets aren't keeping up either. Plus, a string of fields in Saudi Arabia, Qatar and others will bring about 3 million barrels of oil a day in incremental capacity over the next 12 months.
p.s. Still shorting BHP.
monkeydexThat Bloomberg article was excellent and this news...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$42.10 |
Change
0.910(2.21%) |
Mkt cap ! $213.5B | |||
| Open | High | Low | Value | Volume |
| $41.88 | $42.29 | $41.69 | $360.3M | 8.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9922 | $42.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.12 | 11345 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |