Register • FAQ • Search • Login

View unanswered posts | View active topics It is currently Sun Jul 27, 2025 12:47 pm


Board index » In the News

All times are UTC




Reply to topic  Page 1 of 1
  [ 5 posts ] 
Print view Previous topic | Next topic 
Oil price drops fast as Goldman charges hit confidence 
Author Message
Amnesia10
Legend
User avatar

Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
Reply with quote
Post Oil price drops fast as Goldman charges hit confidence
http://news.bbc.co.uk/1/hi/business/8629467.stm

Quote:
"Markets got ahead of themselves with oil prices above $85, which was fundamentally not justified, so there are plenty of reasons to be rather cautious down the road," said Carsten Fritsch at Commerzbank.

And how much of that is down to GS betting against the oil price? ;)

_________________
Do concentrate, 007...

"You are gifted. Mine is bordering on seven seconds."

https://www.dropbox.com/referrals/NTg5MzczNTk

http://astore.amazon.co.uk/wwwx404couk-21
Mon Apr 19, 2010 4:12 pm
Profile
ProfessorF
What's a life?
User avatar

Joined: Thu Apr 23, 2009 7:56 pm
Posts: 12030
Reply with quote
Post Re: Oil price drops fast as Goldman charges hit confidence
Of course, the price of petrol will follow in short order. Won't it?

_________________
www.alexsmall.co.uk

Charlie Brooker wrote:
Windows works for me. But I'd never recommend it to anybody else, ever.
Mon Apr 19, 2010 5:16 pm
Profile
Fogmeister
I haven't seen my friends in so long
User avatar

Joined: Thu Apr 23, 2009 7:35 pm
Posts: 6580
Location: Getting there
Reply with quote
Post Re: Oil price drops fast as Goldman charges hit confidence
ProfessorF wrote:
Of course, the price of petrol will follow in short order. Won't it?

Yep, I hear that flying pigs start to migrate to the UK in the spring also.

_________________
Oliver Foggin - iPhone Dev

JJW009 wrote:
The count will go up until they stop counting. That's the way counting works.


Doodle Sub!
Game Of Life

Image Image
Mon Apr 19, 2010 5:33 pm
Profile WWW
Amnesia10
Legend
User avatar

Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
Reply with quote
Post Re: Oil price drops fast as Goldman charges hit confidence
Hopefully but it depends on whether the refineries are passing on extra costs. These can lag by some way. So costs will come down for a while. GS were speculating heavily on oil during the GFC and and telling us all that it will get to $250 a barrel. The problem is that the banks have been speculating in oil like never before.

_________________
Do concentrate, 007...

"You are gifted. Mine is bordering on seven seconds."

https://www.dropbox.com/referrals/NTg5MzczNTk

http://astore.amazon.co.uk/wwwx404couk-21
Mon Apr 19, 2010 5:35 pm
Profile
rustybucket
I haven't seen my friends in so long
User avatar

Joined: Thu Jun 18, 2009 5:10 pm
Posts: 5836
Reply with quote
Post Re: Oil price drops fast as Goldman charges hit confidence
Fogmeister wrote:
ProfessorF wrote:
Of course, the price of petrol will follow in short order. Won't it?

Yep, I hear that flying pigs start to migrate to the UK in the spring also.

Not with the ban on flights they don't

_________________
Jim

Image
Mon Apr 19, 2010 6:44 pm
Profile
Display posts from previous:  Sort by  
Reply to topic   Page 1 of 1
  [ 5 posts ] 

Board index » In the News

All times are UTC


Who is online

Users browsing this forum: No registered users and 6 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group
Designed by ST Software.