Crude oil prices in Europe are now more expensive in relative terms than crude prices in the US. Take a look at the two charts presented below
oil price outlook
Crude oil price outlook – truth or dare?
The smart money in the room is on Saudis. These guys produce between 10 – 12.5 million barrels of crude every day. They have been playing, setting and influencing the market for more than 40 years. They own the swing vote on production right now till Iraq catches up. Two words (production cut or production…Read more
Currencies and crude oil price outlook – End of quarter ending March 2010
After the action in Euro this week a number of outlook revisions for the European currency were released. The two most noteworthy were the Goldman and ANZ note on Euro and their end of year outlook. The common theme amongst both is the 1.30-1.35 level force and a hint of sub 1.30 level for Euro…Read more