This is the must-see chart today, because Yves Smith has the must-read post on oil. "IEA Sharply Lowers Oil Demand Forecast", in which it's clear that any fear of a supply crunch is now over. Just think of all those tankers moored off Rotterdam and Biloxi, dudes. Finally, note Smith's comments about anything unbullish being kept away from the headlines in MSM right now.Tuesday, June 30, 2009
Chart of the day is......
...crude oil futures, daily candle.
This is the must-see chart today, because Yves Smith has the must-read post on oil. "IEA Sharply Lowers Oil Demand Forecast", in which it's clear that any fear of a supply crunch is now over. Just think of all those tankers moored off Rotterdam and Biloxi, dudes. Finally, note Smith's comments about anything unbullish being kept away from the headlines in MSM right now.
This is the must-see chart today, because Yves Smith has the must-read post on oil. "IEA Sharply Lowers Oil Demand Forecast", in which it's clear that any fear of a supply crunch is now over. Just think of all those tankers moored off Rotterdam and Biloxi, dudes. Finally, note Smith's comments about anything unbullish being kept away from the headlines in MSM right now.