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jledou · 08-14-2009, 02:12 PM

It is supposed to be based on a straight supply and demand plus operating/production cost. Right now demand is down, supply is OK and refining capacity is at ~ 70-80% so right now I would set most of the price to speculation.

08-14-2009, 02:12 PM	#2
jledou Have My Own Room Join Date: Oct 2008 First Name: Jay Location: Kansas Posts: 2,241 Trading: (27)	Re: crude oil It is supposed to be based on a straight supply and demand plus operating/production cost. Right now demand is down, supply is OK and refining capacity is at ~ 70-80% so right now I would set most of the price to speculation.