101 comments on POLL: CLV08 went through $102/bbl..so, in the next 60 days, the front month price of CL will...
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101 comments on POLL: CLV08 went through $102/bbl..so, in the next 60 days, the front month price of CL will...
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Within 3 weeks, but make it 2 instead. :-)
Soon enough. After the refineries come back online and China returns. By the end of September prices will be higher than they are now, and I feel a MASSIVE increase is in the cards until the end of the year.
China returns? Where did China go?
China is on vacation in the Bahamas.
The poster, eastender, I believe is referring to China's Olympics. Prior to the Olympic games, China was heavily importing oil and distillate. During the games, China greatly reduced their imports. They shut down factories. I am guessing, the Olympics were like a national holiday and that ports were slowed or shutdown as well. Now, China’s demand is coming back on-line.
Maybe not until after the Paralympics finishes?
No, she wasn't on the beach today
Ed