{"id":10574,"date":"2010-04-12T15:07:05","date_gmt":"2010-04-12T13:07:05","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/10574\/crude-futures-is-an-oil-trading-bull-market-ahead\/"},"modified":"2010-04-12T15:07:05","modified_gmt":"2010-04-12T13:07:05","slug":"crude-futures-is-an-oil-trading-bull-market-ahead","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/10574\/crude-futures-is-an-oil-trading-bull-market-ahead\/","title":{"rendered":"Crude futures, is an oil trading bull market ahead?"},"content":{"rendered":"

Oil futures are back in the spotlight as prices near closer to the scary $100 mark, many investors are asking if there is an oil trading bull market ahead.<\/p>\n

\u201cI am in the bull camp,\u201d said Christopher M. Mennis, President of New Wave Energy LLC. \u201cOil prices will breakout on positive economic data. Technically, the breakout has occurred already.\u201d<\/p>\n

\u201cWith the Federal Reserve allowing money to flow like water, the dollar should remain weak, and the Dow Jones should continue to press ahead into the future, both factors are pushing up the price of oil,\u201d said Mike Sander of Sander Capital Advisors.<\/p>\n

Gavin Wendt at Mine Life Pty said weekly US inventory levels were \u201cshort term factors\u201d that didn’t reflect increasing oil demand in emerging economies while crude usage flattens in mature markets like North America and Europe.<\/p>\n

\u201cAnd the age old issue of oilfield decline and longer term supply side restrictions means $100 a barrel plus oil is once again not far off,\u201d he warned.<\/p>\n

\n
\"Digg<\/a><\/div>\n
\"Reddit<\/a><\/div>\n
\"Stumble<\/a><\/div>\n
\"Buzz<\/a><\/div>\n
\"Vote<\/a><\/div>\n
\"Share<\/a><\/div>\n
\"Bookmark<\/a><\/div>\n
\"Kick<\/a><\/div>\n
\"Shout<\/a><\/div>\n
\"Share<\/a><\/div>\n
\"Bookmark<\/a><\/div>\n
\"Post<\/a><\/div>\n
\"Google<\/a><\/div>\n<\/div>\n