Jun 15, 2008

Oil Price: Correction On The Cards

This opinion piece in The Hindu would suggest that a correction could be just around the corner. We don't know anything about the author but this seems a balanced and thorough assessment.

An evaluation of the oil and gas futures and options markets seems to be indicating that supply is sufficient to meet current demand and the oil price increase seems to be overdone with speculative interests in abundance. I believe we are nearing a steep correction in oil prices.

We recommend that you read the full article.