egoist

Oil May Trade in the $80-100 Range for a While

im agree with Realist, i cant imagine crude below even 50$/b but on the other hand couple of years ago i couldnt imagine oil above 100$/b.
now id like to emphasize only two thinks wich are read dont remeber where: 1) opec isnt trying hard to push prices higher cause of president elections in US - Obama, McCain sould not promise to reduce oil influence on US and 2) the fact that Russia started increase cooperation with opec - its already smells very bullish on longterm basis.