Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Bill/WA who wrote (67271)	8/12/2005 3:19:09 AM
From: energyplay	Read Replies (2) of 74559

Refinery outage - --> increased price of crude. This is the trader's reaction. I have given up trying to explain it. It was making my head hurt. If A happens, oil goes up. If opposite of A happens, oil goes up. If Maria Bartiromo is smiling, oil goes up.... ********* The financial news wants to have a speciifc reason for eveything that happens. Oil is in a bull market. So what ever happend today must have caused oil to go up. ********** There may be a real explaination, but it may have to do with which refinery is set up to process which crude oil type, transportation delays, oil inventory at the non functioning refinery which has effectively disappeared from the market, and a bunch of other stuff. The end product demand for jet fuel, gasoline, etc. does not go away - it just pulls harder in some other place, and may feed through to the price of crude.

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