Energy Blog

customer-newsletter-6-25-08

“As of this morning, energy markets have rallied much higher yet again.  Crude has risen $13 since yesterday morning.  July crude $133.24. The rally was likely caused by massive fund buying.   We are waiting for contracting recommendations at this time.

Morgan Stanley is now talking $150 oil by July.  With more forecasts for higher prices, funds continue to buy.  Boone Pickens has said over and over that world demand is outstripping supply.”

*Information contained in this update has been supplied by Mid-Co Commodities for informational purposes only.

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