Unrefined Reversal

Posted on Friday, 6th May 2011 @ 07:29 AM by Text Size A | A | A

Spread the love

On the global commodity bourses,
Crude oil is subject to forces
Like the gasoline price,
Which, when high, may suffice
That the market puts carts before horses.

A sudden, 8.6% plunge in the price of crude oil to $99.80 a barrel yesterday originated with a surprising source: the high price of US gasoline.  Fears of an imminent “double dip” into recession have been fed by gas prices approaching $4/gallon.  Oil, which – though the main ingredient in gasoline – is sensitive to economic cycles, was evidently poised for a break to the downside.  All that was needed was a surprisingly bearish announcement, and the market got two: European Central Bank President Jean-Claude Trichet implied no imminent hike in euro interest rates, which strengthened the dollar; and new jobless claims were higher than expected, which weakened the US growth outlook.

http://www.limericksecon.com

Related News On HuffPo Club www.hpub.org:

  • David Gerard is a Bitcoin Fraud

    Spread the love
    Spread the loveI am calling out so-called bitcoin expert ??? David Gerard for the fraud that he is. . All he does is trash bitcoin, trash ethereum and trash any other blockchain idea on wikipedia,…

  • Last Call to be the World Leader in Outer Space. by Daniel Bruno

    Spread the love
    Spread the loveLast Call to be World Leader First posted: 03/18/2010 at Huffpo “Where is that moon, that leads to your soul?” – Aromabar     Legend has it that Kaguya descended from a race…

  • Electoral Science: The Winner of the 2016 Election Will be a Republican

    Spread the love
    Spread the loveOriginally published at Washington’s Blog in April, 2016   by Daniel Bruno   Electoral Science: The Winner of the 2016 Election Will be a Republican I was the first person in the world…

  • Report from Rio

    Spread the love
    Spread the loveReport from Rio Daniel “No Passport” Bruno, reporting from Rio de Janeiro. Daniel is from Manhattan, is an author, inventor, specialist in 9/11 studies, and the interview host at www.hpub.org which publishes over…

Disqus Comments

Specify a Disqus shortname at Social Comments options page in admin panel

Facebook Comments

G+ Comments

Default Comments

 
  • Hpub asks

    • Sorry, there are no polls available at the moment.