"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Tuesday, May 6, 2008
Crude Oil, Is There A Top?
Crude oil futures contracts are trading above $120 a barrel. Meanwhile, Goldman Sachs is stating the oil may incur a "super-spike" and reach $150-$200 a barrel over the next 6 to 24 months as growth in supply fails to keep pace with increased international demand, especially demand from developing nations. The moves in both crude oil and natural gas should be interesting to watch over the next few months as we enter the summer driving season. The effects of the dollar, which recently staged a short-term mini-rally before giving back some gains, should also be watched.
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