Monday, 16 May 2011 15:52

Seasonal reserves

The price of oil remains under 100$/ barrel, although it's easy to believe, that it will raise again in the few months. The statistics may show some variations, the trade may be influenced by the political relations, but there is one certain fact, that may influence the prices: the nature.

The summer months are coming, that means the hurricane season.

Although there have been some nature disasters in the last weeks, it doesn't mean, that the refineries are in safe places. A few days ago I reported about the Mississippi flood, that may lead to new risings of the oil value, it's quite possible that the upcoming hurricanes will also change a bit on the price. But until than, the consumers are not lazy, the US for example, already filled it stocks with more than 3 millions barrel.

 

 

Share on Myspace
More in this category: Crude oil reserves »