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Commodities Briefing - Categorized | Investment, Oil more

How to play the oil rally

Posted on 26 July 2013

Have the mainstream media yahoos who keep screaming about “the death of the commodity bull market” filled up their gas tanks lately? The price of gasoline is going up. And yep, crude oil is in a big bull market, the kind that just gushes potential profit opportunities.
West Texas Intermediate, the U.S. crude oil benchmark, used to trade at a discount to international benchmark Brent Crude. That’s over. Now, new pipelines and rail are carrying more U.S. crude to refiners on the coasts, relieving a storage surplus. At the same time, U.S. refiners are able to export more refined product to eager customers overseas………………………………………..Full Article: Source


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VRS - who has written 36927 posts on Opalesque Commodities Briefing.


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