WTI closed below $105
Sep. 9th, 2008 06:57 pmSpecifically, $103.26.
My personal interpretation is still that at this point, the fear is demand destruction, not loss of supply due to Ike and tag-alongs in the GOM. However, everyone _else_ seems to think it's about a strong dollar. To which I merely note, only because everyone else caught what we've been suffering from and their currencies finally are reflecting it.
My personal interpretation is still that at this point, the fear is demand destruction, not loss of supply due to Ike and tag-alongs in the GOM. However, everyone _else_ seems to think it's about a strong dollar. To which I merely note, only because everyone else caught what we've been suffering from and their currencies finally are reflecting it.