View single post by jk
 Posted: Thu Nov 28th, 2013 16:54
jk



Joined: Mon Apr 2nd, 2012
Location: Carthew, Cornwall, United Kingdom
Posts: 6874
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I tend to look at these reports and say ... So what. Most of the expectations are driven by analysts who hype or overexpect.


There was another report yesterday that oil prices were down due to the recent agreement with Iran that they would fall in line with Western expectations for their nuclear program. This has NOTHING to do with oil. Yes there may be more sanctions on Iran if there had been no agreement but the agreement is not yet in force so how can this effect oil prices as there has been no change in oil supply!!! Over-egged response to current events. This is not cause and effect but rumour and bluster.



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