Falling oil prices
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Join Date: Aug 2005
Location: Melbourne, oz
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Falling oil prices
I heard this morning that the price of oil has dropped again by about a dollar a barrel last night . It is now at a 4 month low and heading downwards.
I guess all the SLF like myself can now look forward to a corresponding drop in the fuel surcharge .!
Not holding my breath though.
I guess all the SLF like myself can now look forward to a corresponding drop in the fuel surcharge .!
Not holding my breath though.
Join Date: Jul 2004
Location: Brisbane, Queensland
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Personally I think it will be short lived - there is nothing to show that the long term capacity / availability and demand ratio can keep the price down. It is a simple futures market after all, despite some manipulation.
But the fundamentals still say oil is far to cheap - IMHO.
But the fundamentals still say oil is far to cheap - IMHO.
