egoist

$25 Oil Could Happen Before a Return to $100

25$/b is too crying figure. But when for just one week price is crushing on 25%, then probably we can see such levels.
As for me, im in long now i id like to see a rebound near 40$ to max 60$. And then its all about OPEC decision on 17th december - if we will see 1.5-2mbpd cut we can meet some bottoming process.

Analyst: Oil Prices Inflated by 50%

If do not count politics, opec, in investigation how much oil really should cost, Fadel right. But in deed its all about huge speculators. And you can explain anyhow when prices surging or falling. They are under specultaors conrol thats why forget about demand, supply and bla bla bla.