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In a commodities market where storage of the product is problematic, there is a limited amount of influence speculators can have on the price of the commodity through investments in futures, or a limited amount of time over which the influence increases or decreases market prices. It appears that, as usual, the fundamentals of supply and demand have overtaken the increase in oil prices due to speculation in the futures markets. I haven't personally changed my driving habits due to energy prices, but it will be interesting to see if this crude oil market correction will be as dramatic as the last. Many consumers will adjust their habits based on current prices. I would expect a continued decrease in the price of oil over the next two to three quarters. However, I am not a financial advisor, but I did sleep at a Holiday Inn last night. Oil has biggest 1-day drop in more than 2 years
Dustin
 "I've contributed alot of good tech help to this site that
no one here could have figured out" - JuniorTT 02/15/06 |
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