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11 comments on ABC Oz: World Oil Prices Surge Overnight

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billyt on November 22, 2005 - 3:44pm Permalink | Subthread | Parent | Comments top
WTI crude is up +$1.00 11/22.
so yes, i call that a surge and it happened for the following reasons:

  1.  prices ususally move up in the winter.
  2.  the move is in anticipation that this winter will be colder than the norm  and if so...
  3.  we may not have enough heating oil and natural gas.
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Twilight on November 22, 2005 - 5:02pm Permalink | Subthread | Parent | Comments top
Indeed - light crude up $1.14 so far.  Bouncy bouncy bouncy - I think the volatility is more telling than the absolute level at this point.
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11 comments on ABC Oz: World Oil Prices Surge Overnight

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