GREY:ARWJF - Post by User
Comment by
Mikeycanukon Dec 06, 2011 3:57pm
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Post# 19296767
RE: CRUDE OIL (JANUARY)
RE: CRUDE OIL (JANUARY) The current price of WTI is based on a couple of factors such as Enbridge turning the pipeline flow around down in Texas, Iran vs US/Israel and a possible supply disruption from a conflict between newly minted South Sudan and the North. The south has the oil but the pipelines to the Red Sea go through the north. And each side thinks is deserves more of the pie. This is mainly a China problem but if things go bad that oil has to be replaced on the open market.