Commodity Trade Mantra

Posts Tagged ‘Oil Supply and Demand’

Have Oil Prices & Markets Grown Numb To Supply Disruptions?

The idea that there is a major glut in oil supplies has been overstated. Surpluses in the past have been higher & oil prices did not collapse. Oil price discovery is basically made in the highly leveraged oil futures market & speculators exaggerate oil price movements on the upside as well as the downside. Just as fast prices fell because of them in the futures market, they could drive prices up.

Is Oil Going to $70 or $20? Answer May Surprise You

Is this oil bounce for real? The legendary T. Boone Pickens thinks oil’s going to $70 before the end of the year. Then you’ve got the infamous vampire squids at Goldman Sachs telling everyone to get ready for an oil bear that’ll last for 15 years—and send crude down as low as $20 per barrel. So who’s right? Take a look for yourself.

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