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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil price shakedown

Posted on 07 November 2013

As I already noted in several articles, WTI grade oil at less than $100 a barrel is something of a revolution and an open incitation for Wall street’s “heavy lift brigade” to plunge protect and lift prices back up to what they think is the right level. The leading member of the heavy lift brigade, Goldman Sachs, has until relatively recently bragged that WTI could reach $125 a barrel by Dec 31st or early in the new year.
Their oil pricing mythology is at best only lightly flavored with supply-demand-stocks fundamentals. Their interest in, even knowledge of energy-economics is close to zero, therefore it is useless to ask why there is such a fantastic energy price premium for oil………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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