Thursday, December 21, 2006
Oily eyes
Funny how the market is sort of staying stable even though oil is jumping up to a 3-month high (this morning it's down, but not that much). Oil moves like that earlier this year prompted all sorts of market jitters, you'll recall. I think now the market has a longer time horizon in mind for oil prices though. I even saw one analyst remark recently that he expects oil prices to fall to around $20 a barrel sometime next year. Hmmm, don't know about that. But a good economic slowdown may put a crimp in demand. ...... Still working on blogging Bill.
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