The Ultimate Betting Forum - View Single Post - Light Sweet Crude

Starman · 14th November 2007, 11:25

Some ramblings

End users have a greater appetite of light sweet crude than they do for the lower quality OPEC output - which means that increased production (particularly from Saudi) is not having the desired market impact.

Is it speculators? At least part of the move is obviously speculative.

The lower dollar will support the market to an extent.

The strength of Chinese demand softens the potential damage from a US recession.

The now former head of BP Lord John Browne is certainly not a twat (nor is he rumoured to be particularly fond of them).

WTI for December 2015 delivery settled last night just shy of $82.

Keyser - how big is your car?

14th November 2007, 11:25	#6 (permalink)
Starman Gold Member Join Date: Jan 2003 Location: London Age: 38 Posts: 609	Re: Light Sweet Crude - $90.40 Some ramblings End users have a greater appetite of light sweet crude than they do for the lower quality OPEC output - which means that increased production (particularly from Saudi) is not having the desired market impact. Is it speculators? At least part of the move is obviously speculative. The lower dollar will support the market to an extent. The strength of Chinese demand softens the potential damage from a US recession. The now former head of BP Lord John Browne is certainly not a twat (nor is he rumoured to be particularly fond of them). WTI for December 2015 delivery settled last night just shy of $82. Keyser - how big is your car?