Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
I think the market is not thinking much about LT prices - the curve seems to target the price where oil was a few months or weeks back, from wherever the spot is. So it's essentially flat, a sign of cluelessness more than anything.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Oct 29th, 2007 at 05:29:25 AM EST
[ Parent ]
suspect producers are more eager to lock in forward prices at these levels than consumers. People still expect a reversion to mean.
by HiD on Tue Oct 30th, 2007 at 05:15:48 AM EST
[ Parent ]

Display:

Top Diaries

Occasional Series