petroleumworld

World

Peru

Trinidad &
Tobago

ISSUES....
Inside, confidential, off the record

Oil, USD$, gold

ENERGY PRICES ARE HIGHER AGAIN AS THE DOLLAR WEAKENS AND AS GOLD SOARS, with WTI widening its premium over Brent on the dollar concerns, not on the " real" fundamentals that would otherwise affect the WTI/Brent relationship. Too, the backwardation in WTI continues to widen, with April WTI now trading to $1.50 over May, With refinery margins plunging, and with the market in backwardation, there is no... nada.... zero reason to inventory crude oil. We look for last week's net build in crude to be wholly reversed this week, and we'd not be surprised to see revisions in last week's inventory figures that take the net build down materially from what was originally reported.

-Dennis Garthman/The Gartman Letter/ 03 17 08

- For more on interesting comments, you can subscribe to The Gartman Letter by contacting Dennis Garthman: Phone 757 238 9346, Fax 757 238 9346 or dennis@thegartmanletter.com

Petroleumworld News 03/17/08

ISSUES.... Is an independent journalist effort from Petroleumworld, on Inside, Confidential
and Off The Record Information, its views are not necessarily those of Petroleumworld

Legal information: Copyright/Disclaimer

Copyright© 2008 respective author or news agency. All rights reserved.
We welcome the use of Petroleumworld™ stories by anyone provided it mentions Petroleumworld.com as the source. Other stories you have to get authorization by its authors.

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com

3

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

TOP

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/us code/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from Petroleumworld or the copyright owner of the material.