WTF-Crude Fell from 62.20 to 57.38 in one hour
- Thread starter himself
- Start date
www.bloomberg.com comment excerpt
-A terrorist attack has ``a huge impact on the psychology of consumers,'' said Frederic Lasserre, the head of commodities research at Societe Generale SA in Paris. ``They become reluctant to spend, it has an impact on air travel, and at the end on oil demand. Today's price drop is explained by the reaction to the September 11 attacks.''-
does anyone know how much oil demand suffered
as a result of the madrid attacks in march 03?
-A terrorist attack has ``a huge impact on the psychology of consumers,'' said Frederic Lasserre, the head of commodities research at Societe Generale SA in Paris. ``They become reluctant to spend, it has an impact on air travel, and at the end on oil demand. Today's price drop is explained by the reaction to the September 11 attacks.''-
does anyone know how much oil demand suffered
as a result of the madrid attacks in march 03?
Alternatively, now we can see how much of the buying in oil was purely speculative. If it was really demand related it would have gone up on fears of other actions in e.g Saudi, but it went down most likely because the hedgefunds shifted all their capital into safe haven bonds which went up.
