LR European

What's Been Moving Oil Prices?

Reasons, schmeasons. More buyers than sellers, the price will rise. Buyers may have seven reasons between them, sellers may have thirty four - it doesn't really matter.... What counts is the traction of particular ideas. So, slowing economy - good reason to sell - but 4 months later, most of the selling for that idea has been done, so selling is weaker even if the economy is slowing more sharlply unless there is a new idea to sell for that gains its own traction.....