Oil and the dead cat bounce

Oil and the dead cat bounce / Andrew McKillop, Former Expert-Policy & Programming, DG XVII Energy, European Commission, EU Energy Policy blog, October 18th, 2012

http://www.energypolicyblog.com/2012/10/18/oil-and-the-dead-cat-bounce/

What crisis? Nymex and ICE oil price movement shows how oil prices can be moved anywhere as long as its up, except of course when its down, where fundamentals point with stubborn determination.Recent weeks, especially the last show that sometimes the oil bulls can get dispirited and run out of news support, and be forced to take a cut in their boundless optimism which says we really can have $130 a barrel for Brent and $125 for WTI like Goldman Sachs tells us we can – this year, in 2012. When the markets take an especially hard hit, like the recent loss of $10 off the barrel price, the dead cat bounce can take the shape of a Goldman tiger bounce – paper tiger of course…



Citer ce billet
Danièle Revel (2012, 19 octobre). Oil and the dead cat bounce. Veille énergie climat. Consulté le 14 juin 2024, à l’adresse https://doi.org/10.58079/o9wj

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