Thursday, September 11, 2008

LIGHT SWEET OIL NEARS $100/BARREL - BRENT ALREADY $97

FACTS HERE - EXCERPT:
“It’s a bearish signal that oil is dropping at the base of a category 3, category 4 hurricane,” said Ben Dell, an analyst at Sanford C. Bernstein & Company. Last week, oil prices rose slightly on fears that Tropical Storm Hanna would disrupt refinery activity on the Gulf Coast.
BEARISH INDEED.
  • REGULAR READERS OF THIS BLOG KNOW WE PREDICTED IT.
  • AND WE PREDICT $80 BY THE END OF OCTOBER AND $60 BY NEW YEAR'S EVE.

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