Open the link, good charts in there (cannot post them. sigh.)
Beyond Fundamentals 10/19/07
It appears that those who initially predicted the days of $100 barrels of oil may soon be able to say “told you so.” Back in April 2005, we wrote a Weekly Opinion entitled “$100+ Per Barrel Crude: April Fool?” This Opinion focused on a report wherein Goldman Sachs analysts predicted price levels of such magnitude. In the past few weeks the price of crude broke into the $80 per barrel price range, above where it had generally remained for most of the second quarter, before pushing its way toward $90 per barrel. The chart below shows the price for West Texas Intermediate (WTI) on a year-on-year comparison with 2006.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.