OxBowBusiness

Have you seen the way that the fall in crude oil prices is being reported now: the price is slipping they are saying. Three weeks ago they were bemoaning the apparently inexorable rise in the price of crude ... implying it is such a bad thing. Now they are viewing it from the eyes of the investor who has bought at the top of the market and who is now suffering.

They are trying to claim now that demand for crude  is reducing and that is why the price is falling back. The strengthening dollar is seen as a factor too. It’s hardly strengthened though has it? Just take a look at the current exchange rates and see if you think the Dollar has strengthened.

Duncan Williamson