Oil Guesses Are Wrong Again, Contango Grows [View article]
it has always escaped me why anyone would pay attention to weekly oil supply numbers (except very short-term traders). these numbers will never tell you where oil is headed longer term, what furture supply-demand dynamics will be and what prices and profits oil companies will realize over time. It#s, for 99.9% of the time total noise that one can and shold totally ignore.
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it has always escaped me why anyone would pay attention to weekly oil supply numbers (except very short-term traders). these numbers will never tell you where oil is headed longer term, what furture supply-demand dynamics will be and what prices and profits oil companies will realize over time. It#s, for 99.9% of the time total noise that one can and shold totally ignore.
Nov 27 04:56 am
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