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Khebab on February 14, 2006 - 2:34pm
Two comments:
- I'm always careful when looking at a moving average, you have to apply a shift of 13 weeks (3 months) to the left because sliding windows are not centered.
- there was also a plateau in may 2005 but the prices continued to increase afterward.
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Oil CEO on February 14, 2006 - 2:40pm
The way I see it, the 26-week average today is simply a representation of the past 6-months of prices and to some degree the cumulative effect of those prices on the economy.
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