OIL
http://online.wsj.com/article/BT-CO-20100505-712563.html?mod=rss_Commodities
The experts predicted oil inventories to grow by 700,000 barrels. In reality they grew 4 times this amount to 2.8 Million barrels. The experts were wrong.
The experts predicted gas inventories to grow 100,000 barrels. In reality they grew 13 Times this amount to 1.3 Million. The experts were wrong.
Supplies are up because demand is down. Demand is down because prices are up.
"Oil prices actually rose after the numbers were released" This is because the market is a fraud. People should be going to jail over this manipulation. But still nobody cares. Maybe next week people will wake up.
The experts predicted oil inventories to grow by 700,000 barrels. In reality they grew 4 times this amount to 2.8 Million barrels. The experts were wrong.
The experts predicted gas inventories to grow 100,000 barrels. In reality they grew 13 Times this amount to 1.3 Million. The experts were wrong.
Supplies are up because demand is down. Demand is down because prices are up.
"Oil prices actually rose after the numbers were released" This is because the market is a fraud. People should be going to jail over this manipulation. But still nobody cares. Maybe next week people will wake up.
posted by res17 at
May 05, 2010
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