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To: thackney

Very, very minor change that simply does not justify the increase of ~$3 per barrel price hike. Which, again, tells me that the oil market is rigged.

The production trend is up. The use trend is down. Prices should be tanking.


4 posted on 04/14/2014 11:49:32 AM PDT by Obadiah (I like Krabby Patties.)
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To: Obadiah

It should tell you, that when someone gives a single reason for the price of oil, they are either fooling themselves, or trying to fool you.

The market is far more complex. And I would believe the price of oil for the next month delivery is more heavily influenced by political posturing in the Ukraine and the Black Sea, than the total average prediction for the entire year.


6 posted on 04/14/2014 11:54:21 AM PDT by thackney (life is fragile, handle with prayer)
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To: Obadiah
The use trend is down.

Use trend is up.

7 posted on 04/14/2014 11:54:58 AM PDT by thackney (life is fragile, handle with prayer)
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