Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (303645)	9/20/2006 3:05:31 PM
From: tejek	Read Replies (1) of 1574711

The futures market can be fickle and those trading in it are still betting that prices next year will rise from current levels. The prices set for future delivery of a barrel of crude at different points next year average $67 to $68, and for 2008 the range is $69 to $70. But traders note that the prices contracted for next summer now are about $12 below the delivery prices set only a few weeks ago. Good article. In general, commodities are very volatile. Price fluctuations can be significant. Personally, I think oil bounces here at $60-61 or at $56, then stabilizes. I am not sure what the consensus is. Its been my experience that its bad to underestimate a commodity whose price can be moved significantly by one hurricane or one negative geopolitical event; after all, how long can we expect this 'perfect storm' of good news to continue? FWIW.

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