Now we need continued warm weather to keep up this downward trend. And we should look to OPEC now, too. They're getting whacked on the dollar, and the price of crude is falling. If they decide to cut production, we'll be right back at square one. |
Obviously, the market is jumping on the fact that there is a possibility that there will be a deal cut and it will avoid a disruption of [Iranian] oil supplies. |
Of course 2005 was an incredible year for energy. |
Of course doing nothing must be bullish as oil continues to head higher. |
Oil seems to be disappearing from the marketplace and my theory is that the U.S. is adding to its strategic oil reserves with the intention of releasing it during an attack on Iraq, |
OPEC has a history of trying to jawbone the market, ... It appears OPEC is trying to take a little steam out of the rally and keep prices under control. |
OPEC has a history of trying to jawbone the market. It appears OPEC is trying to take a little steam out of the rally and keep prices under control. |
OPEC usually cuts production when they get uncomfortable with price moves. The fear is intensified because of the fear of a second-quarter collapse, which is stronger this year than in the past. |
People are just complacent about the cold weather. They're not going to run up the price until they actually see the frost on their nose. They want to see how cold and for how long. |
People criticize the government's moves in New Orleans, but they released oil in a timely fashion. |
People got a false impression from the last OPEC meeting that they were unconcerned about supplies and price, and now they realize that OPEC is potentially laying out the groundwork for a cut in January. |
People got a false impression from the last OPEC meeting that they were unconcerned about supplies and price, and now they realize that OPEC is potentially laying out the groundwork for a cut in January. They won't just let prices fall. |
People were taking profits after the market failed to stay above $55. |
probably not have a big affect on prices. |
Proposed talks between the United States and Iran can convince oil traders that maybe there is a way out of the Iranian conflict. |