The crude oil markets have been plagued by uncertainties that have elevated the role of market psychology in shaping prices. As a consequence, prices have been volatile and generally st..
The crude oil markets have been plagued by
uncertainties that have elevated the role of market
psychology in shaping prices. As a consequence, prices have
been volatile and generally stronger than warranted. Looking
forward, Energy Security Analysis, Inc. (ESAI) believes,
"Some of these uncertainties will evaporate and others
persist. But along the way, expect the supply/demand
fundamentals to send some strong signals, even through the
fog of war."
Projections are beginning to indicate a sizeable
crude oil surplus even with a forecast reduction in Iraqi
output. "The increase in Saudi output, coupled with
recoverin
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