We notice oil has been rallying at the same time as copper and gold. That we think has to do with the funds.
More Quotes from Deborah White:
It is pretty clear that we can break 70 without too much problem.Deborah White
We continue to see fund action. They are coming in across the basket of commodities.
Deborah White
It's true that in the short term people find it difficult to change. What happens in the long run is that the transport and industry tends to be efficient, and conservation will occur.
Deborah White
The chance of all that being met the entire winter is zero.
Deborah White
Other than the weather, and hurricanes, and refineries going down, and Saudi Arabia and Iran, and strong economic statistics, there really is no reason why crude oil prices should be so high. It must be speculation, don't you think
Deborah White
The weather has become increasingly mild and the forecasts are for now much above normal, for example 17 (degrees Celsius) in Los Angeles -- this is extremely warm for the end of December.
Deborah White
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