http://www.etftrends.com/2009/05/oil-and-gas-etfs-are-jumping-but-why.html Keeping a grip on exchange traded funds (ETFs) Sat, 21 Nov 2009 23:28:06 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://www.etftrends.com/2009/05/oil-and-gas-etfs-are-jumping-but-why.html/comment-page-1/#comment-4284 William Tue, 12 May 2009 21:36:09 +0000 http://www.etftrends.com/?p=9621#comment-4284 Only WTI got down to £32 and not for long, Brent barely got below $40 and is a better measure of oil prices than WTI as its based on 1.5m Barrels a day, much greater than WTI. A better question would how did oil prices fall 75% in 12 weeks and looks like it was caused by traders having to close long positions after September as much as by demand destructions. Some recovery in prices was always going to happen when estimated cost of the newer sources is above $40 a barrel. Only WTI got down to £32 and not for long, Brent barely got below $40 and is a better measure of oil prices than WTI as its based on 1.5m Barrels a day, much greater than WTI. A better question would how did oil prices fall 75% in 12 weeks and looks like it was caused by traders having to close long positions after September as much as by demand destructions. Some recovery in prices was always going to happen when estimated cost of the newer sources is above $40 a barrel.

]]> http://www.etftrends.com/2009/05/oil-and-gas-etfs-are-jumping-but-why.html/comment-page-1/#comment-4772 William Tue, 12 May 2009 21:36:09 +0000 http://www.etftrends.com/?p=9621#comment-4772 Only WTI got down to £32 and not for long, Brent barely got below $40 and is a better measure of oil prices than WTI as its based on 1.5m Barrels a day, much greater than WTI. A better question would how did oil prices fall 75% in 12 weeks and looks like it was caused by traders having to close long positions after September as much as by demand destructions. Some recovery in prices was always going to happen when estimated cost of the newer sources is above $40 a barrel. Only WTI got down to £32 and not for long, Brent barely got below $40 and is a better measure of oil prices than WTI as its based on 1.5m Barrels a day, much greater than WTI. A better question would how did oil prices fall 75% in 12 weeks and looks like it was caused by traders having to close long positions after September as much as by demand destructions. Some recovery in prices was always going to happen when estimated cost of the newer sources is above $40 a barrel.

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