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Here comes Gustav. Another day of rising crude prices

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Kanagawa

Beginner

Posts: 21

1

Wednesday, August 27th 2008, 5:37pm

Here comes Gustav. Another day of rising crude prices

Gustav approaching.

Crude prices are above 119. It does not seem that speculation is working much this time.
It is the storm and the falling U.S. inventory fanned by the weaker dollar.

The hurrican season will continue another few months. Watch the rally.

JJRusty

Beginner

Posts: 20

2

Thursday, August 28th 2008, 3:39am

Higher gasoline prices caused by Gustav

We saw a third day of rising oil prices.

Guess who the new gainer in high prices is : China'a CNOOC. Profits rose 89% at cnooc.

Kanagawa

Beginner

Posts: 21

3

Thursday, September 4th 2008, 6:29am

Prices dropping but Ike & Josephine are approaching.

RDS & Conoco Philips announced that hurricane Gustav caused no damage to the platforms in the Gulf of Mexico. However, this did not change the oil prices much. Partly because there are more hurricanes possible as the huricane season is not over. Ike and Josephine are approaching.

Other serious factors - rising dollar and the falling Euro. We are seeing an economic slowdown in Europe.

Can we test $100 a barrel?

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