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To: thackney

Sounds like it would be too marginal to affect world prices. If it spread to the rest of Libya, however...


2 posted on 11/06/2014 4:54:56 AM PST by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Zhang Fei

Actually, Libya coming back online was the largest recent change and I think had a significant effect on oil prices. Several Oil Market Analysts have made this point.

In my opinion, the market has over-reacted driving down prices to fast to be sustain, barring any other changes, I think.

This might pull back on the speculation driving prices so quickly low. Might, maybe, could be...


3 posted on 11/06/2014 4:58:05 AM PST by thackney (life is fragile, handle with prayer.)
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