Comments on: Crude Oil: Focus on OPEC http://www.oilism.com/oil/2009/03/11/crude-oil-focus-on-opec/ Addicted to Oil? Crude oil prices, forecast, historical prices, commodity trading and weekly estimates Sat, 08 Jan 2011 23:39:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: oilmarket http://www.oilism.com/oil/2009/03/11/crude-oil-focus-on-opec/comment-page-1/#comment-5010 oilmarket Mon, 22 Jun 2009 20:08:09 +0000 http://www.oilism.com/oil/2009/03/11/crude-oil-focus-on-opec/#comment-5010 The crude oil market and crude oil trading is what influences the most when it comes to the fluctuations is the market oil price per barrel. Crude oil and its initial trading is responsible for the way we price and measure oil nowadays: in barrels. Since the beginning of U.S modern oil trading, oil was stored in wooden barrels and since then this has stayed as the standard measurement of oil. One barrel has 42 gallons (158.9 liters) and when people refer to price changes in oil they refer to the price changes in the oil barrel market not to the refined oil market. The crude oil market and crude oil trading is what influences the most when it comes to the fluctuations is the market oil price per barrel. Crude oil and its initial trading is responsible for the way we price and measure oil nowadays: in barrels. Since the beginning of U.S modern oil trading, oil was stored in wooden barrels and since then this has stayed as the standard measurement of oil. One barrel has 42 gallons (158.9 liters) and when people refer to price changes in oil they refer to the price changes in the oil barrel market not to the refined oil market.

]]> By: The Apprentice Trader http://www.oilism.com/oil/2009/03/11/crude-oil-focus-on-opec/comment-page-1/#comment-4693 The Apprentice Trader Thu, 11 Jun 2009 23:51:03 +0000 http://www.oilism.com/oil/2009/03/11/crude-oil-focus-on-opec/#comment-4693 The current price of oil is not necessarily driven by supply and demand. It's a small component to the all economic triggers affecting oil price spike. I think that oil are primarily driven by perception of how weak the dollar is to other currencies. Whenever the dollar appears weak, investors run to tangible commodities especially oil. This influx of investors ultimately drive prices up. I think that oil is headed much more higher than the current price. A log the way there will be some pull back but it will pick up with more vigor. All indicators point to oil spiking to more than $200.00 in the coming months. The current price of oil is not necessarily driven by supply and demand. It’s a small component to the all economic triggers affecting oil price spike.

I think that oil are primarily driven by perception of how weak the dollar is to other currencies. Whenever the dollar appears weak, investors run to tangible commodities especially oil. This influx of investors ultimately drive prices up.

I think that oil is headed much more higher than the current price. A log the way there will be some pull back but it will pick up with more vigor. All indicators point to oil spiking to more than $200.00 in the coming months.

]]> By: Crude Oil: Focus on OPEC | OILISM Crude Oil Prices, History & Analysis http://www.oilism.com/oil/2009/03/11/crude-oil-focus-on-opec/comment-page-1/#comment-3107 Crude Oil: Focus on OPEC | OILISM Crude Oil Prices, History & Analysis Wed, 11 Mar 2009 10:53:20 +0000 http://www.oilism.com/oil/2009/03/11/crude-oil-focus-on-opec/#comment-3107 [...] Go to the author’s original blog: Crude Oil: Focus on OPEC | OILISM Crude Oil Prices, History & Analysis [...] [...] Go to the author’s original blog: Crude Oil: Focus on OPEC | OILISM Crude Oil Prices, History & Analysis [...]

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