Wednesday, September 10, 2008

Oil prices down... so far

Oil prices fell on Wednesdays trading even though the inventories are down, production will be cut and the hurricanes are doing their thing.

This of course means that oil prices are not only driven by supply and demand but by speculation as well.

Personally I think that prices will go up because consumption in china and India is growing, and will continue to grow because in both countries the government subsidies the price to encourage growth.

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