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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (6486)3/14/2005 3:39:21 PM
From: Walkingshadow  Respond to of 8752
 
Hmmmm..... that thing just won't quit. This constitutes another all-time high again on a closing basis.

futuresource.com

OPEC president now says they will increase production 500K barrels per day.

But I believe actual production is probably more than that already. I don't think they can increase output much more. So long as demand keeps increasing, price will also because production can't increase to the extent that demand does.

T