OILY CHARTS

An image is worth a thousand words. Here are several thousand words explaining the weakness in oil demand and the large excess in supply. Can OPEC manage production in such a way that prices will not decline?

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Charts from Cornerstone Analytics

Related post: Oil at $20? Not as absurd as it sounds

This entry was written by Denis Ouellet CFA and posted on July 19, 2009 at 07:47 and filed under Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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