News Focus
News Focus
icon url

limtex

08/06/04 5:04 PM

#280963 RE: marketmaven #280953

The oil traders are far more agressive than most shorts on this thread. Oil traders have pushed up the oil price combined with their friends in Moscow and a golbal expansion that includes China. Still the supply is equal to or more than demand justa about but the near equality allows the traders to have some fun.

It will run its terms and then decline. If it didn't then all sorts of extra prodcution that is currently uneconomic would open up.