Oil increases turn gas more bullish

25 February 2009

The oil market rose marginally to an change in US stock levels.

Gas traders reacted to oil price moves and looked for an excuse for the market to rise. The Opec cuts made last month are now beginning to bite within Asia, and some oil traders reacted. In reality most players accept that $50 seems to be the limit of where oil will head and it is expected that as demand erosion becomes more prevalent we will see much greater stability in the price.


Gas  Oil  Supply  Bull Market 

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