Thursday, September 2, 2010

A downward trend in oil prices

I have noticed that in the past month or so. Yet our oil imports have so far held up, as had the Ceridian Index. Who is getting less oil in this world?

Must be Europe, the dollar is up on European concerns, Europe likely is on an energy efficiency drive.

Update: Dang, oil just went up, and my eyeball trend estimator got lost in the noise.  Either I  need to integrate longer or oil traders read my blog.

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