Oil Prices Are Tumbling


“The price weakness in oil, particularly in contrast with the performance of the equity market, helps call attention to these weak physical fundamentals that have long been ignored,” he writes.

Plus, he says, the market remains oversupplied, especially in the U.S.

 

oilFinViz

Read more: http://www.businessinsider.com/oil-prices-are-falling-2013-6#ixzz2WsLls6Pt

 

Did you already share this? No? Share it now:
  • Bwhhaaa hhaaa hhaaaa

    The overall world demand for oil is rapidly falling, yet the price of refined fuel is staying steady or increasing. Seems to me like the economies of the world are rapidly grinding to a stop and their paper, fiat currencies including the dollar, are about to be little more than toilet paper.