[R W Reactionairy]

"Some oil was down today, other oil was up. Looks like a wash on the day."

Yes, and it was up yesterday. This article was dated June 9th.

AmericaUnited, what makes you believe that "they" know what the inventories are going to be in September.

Over the short run, what is going to be interesting is whether Saudi Arabia can boost production, and if there are enough tankers to haul the stuff if they do boost production.

If Chinese demand slows we make get a meaningful longer term drop, but be careful what you wish.

[RightWhale]

Prices fell to $36.45

Over $44 right now. Price fluctuations are kind of large the past few days, both up and down. Perhaps this links to Kerry's D/D rating.