ckd08

Come on, the oil price has nothing to do with demand and supply !  It is all speculations !  Speculators are using all the news and developments in the world to boost the price of the oil and make money !  If one goes to the oil founders and check the cost of unit per barrel, it can not be anywhere higher than US$10.00 per barrel with a good margin !  The oil price is US$100 plus now ?!