Brent up another 3% today. Not only did the market over-react on U.S. oil supply issues not a demand based fall in prices that people that only now are some grudgingly admitting but on the downside.
Emerging Money Daily Audio Call February 5 – On the call today we talk about the rally in global markets
Fast forward 1 week and here is the chart today, one week later and 23% higher. Underlying equities have also rallied.
Demand is still growing – not shrinking. Supply will be a fluid issue but OPEC is in shambles, investments have already been cut dramatically, by just looking at big oil earnings last week and prior: capex dump, see
Emerging Money Daily Audio Call January 30 – Your Ticket Around The World – On the call today we talk about
The spot price of crude oil pushed higher in the news of Saudia Arabia King Abdullah’s passing. The bulls are speculating on a shift in Saudia Arabia’s policy of letting crude prices to fall.
Emerging Money Daily Audio Call December 19 – On the call today we talk about the week that was where Russian still has a trade or two left in it.