Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: A. Geiche who wrote (37413)	2/12/1999 12:16:00 AM
From: VLAD	Read Replies (1) of 95453

AG, Good point but unfortunately oil as any commodity tends to have rather extreme fluctuations which often has nothing to do with the supply demand equation. This includes sentiment, perception, the effects of traders buying/selling shorting/covering contracts, whether forecasts, geopolitical stability/instability and other factors. I believe the main force currently pressuring oil prices is sentiment/perception and the Feds announcement to add a mere 4 days supply to the SORs was designed in some part to lift sentiment and kill some of this doomsday negativity we are all witnessing.

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