Does this signal reduced demand?

Oilguy · Aug 6th 2008, 9:01pm

Oil prices extended their slide Tuesday, closing below 120 dollars for the first time in three months, as signs of a slowing global economy raise doubts about demand.

Kanagawa · Aug 8th 2008, 5:27pm

Dear Oilguy!

Oil is up again to over US$ 120 on Thursday, 7th August.

Any which way, we are still in the northern summer. As the northern winter approaches, the demand will rise?

awaiting....

K :thumbdown:

Heng Lee · Aug 26th 2008, 8:46pm

It is probably speculation wearing off.

But it is too early to say....

Does this signal reduced demand?

Does this signal reduced demand?

Oil is up again on Thursday

Not reduced demand but scared speculators?

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