PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 6th August 2008 | 18:23
  #171 (permalink)  
v6g
 
Joined: Nov 2003
Posts: 252
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From: Canada
Oil price - it's August - oil generally drops towards the end of the peak demand season (barring tropical storms).

I'm not going to stop being concerned about the oil price until:
- the oil futures market ends contango and returns to backwardation (Nymex) or
- at least 2 or 3 out of the 5 major oil producing regions of the world increase production (BP statistical review of world energy)
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