Master’s Sell-off Archive

Reuters: Crude update

[Skip to the end] The ‘demand destruction’ still leaves a net increase in demand, just smaller than anticipated. While the US is using a tad less gasoline, consumption elsewhere has picked up. And this is with a weak world economy: NYMEX-Oil steadies on OPEC output cut by Rebekah Kebede Meanwhile, the International ...Read More

Re: Crude oil pricing

[Skip to the end] (an email exchange) >    >   On Thu, Aug 7, 2008 at 7:15 AM, Scott wrote: >    >   crude moves further in backwardation. >    Right, indicating futures buying subsiding and inventories not above desired levels for commerce. >    >   CL vs brent now 160 over vs 120 under 2 weeks ago! >    ...Read More