-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stock Picks and Trade Ideas for Friday - POT ,MOS,... » | Stock Picks and Trade Ideas for Thursday - BIDU, C... » | Stock Picks and Trade Ideas for Wednesday - ILMN, ... » | Stock Picks and Trade Ideas for Tuesday - PWAV, CO... » | Stock Picks and Trade Ideas for the week ahead - Q... » | Statistics of AC Investor Blog over week 20 ( from... » | Stock Picks and Trade Ideas for Friday - RFMD, JAV... » | Stock Picks and Trade Ideas for Thursday - RFMD, J... » | Stock Picks and Trade Ideas for Wednesday - JAVA, ... » | Stock Picks and Trade Ideas for Tuesday - CSIQ, TR... » 

Friday, May 23, 2008 

Who is making money with the recent rally on Crude?

Speculators and the oil-exporting countries……..Oil prices rose above $130 a barrel for the first time Wednesday. It becomes obvious that there are a lot of people making fortunes with the current prices of Oil, deteriorating at the same time the life of many others, consequently the economical environment. The systematic increase in Crude Oil, has been recently fuelled by some investments houses that are using the recent escalate of prices to satisfy its own interests, this is real and obvious. I don't like to mention here names of who are behind this game, but the tips are on the table if you check the latest upgrades on Oil over the past week, you will find all of them. They are the speculators that are making fortunes, forcing the crude price to levels they want. Oil prices also rose because the dollar weakened against the Euro, prompting investors to buy commodities as a hedge against the currency's decline. Saudi Arabia has agreed to increase production in 300.000 a day to help lower prices, but in fact this news had no impact. All across the board oil demand has declined at an average month rate of 2% to 3% worldwide, new energy sources are now being developed, the car industry itself has shifted towards a cleaner energy like hybrid cars, sales alone in the US has increased over 50%, there is now a waiting list of more than one month for the Toyota Pirus, in the US alone.......but nothing stops the speculation of the decade.....I lost the train on crude Oil, because prices are currently well manipulated..........


Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google