Oil Prices

[CityFarmer]

cityfarmer

I am referring purely to oil only, not any stock or counter that require due diligent as in value investing.

Oil is heading higher, currently 52$, but i believe with each day pass, the supply is building up. Next week, we will hear again US stockpile at record high, then it may retrace down a little only to soar even higher later.

Yewkim,

Yes, oil is a commodity, and pretty different from stocks.

I am not familiar with commodity investing, but I assume Mr. Commodity Market, should be as emotional as our friend, Mr. Equity Market. Short term volatility can never be explained by simply demand and supply. A longer term average may be a more trust-able figure, than daily forecast.