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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (13216)	6/18/2012 6:43:20 AM
From: John Pitera	Respond to of 33421

Hi Jon, Excellent perspective on the global oil supply demand picture. China accounting for 71% of additional growth sounds right as they build the middle class. WTICrude closed at $81 on friday, coming the suporting low levels of aug 2011 at 75,71 and the end of Sept low at 76.25. Brent crude is the bigger change with it falling like a stone from the 127ish rounding top in March and trading down as low as 95 and still at 97. That is lower than all of the 2011 lows. The Greek election means we will be talking about them for a while longer.