Thursday 05 Jun 2003 | Posted By Ed Aboufadel | Predictions
Trying to make sense of this week’s price hike to $1.67, my guess is that the Chicago Summer Premium, which starts to appear in May, really kicks in come June. Looking at 2002 daily numbers seems to bear that out. I am gathering more information about this for my next post. For now, the only way we get a third price hike next week is if futures prices jump again tomorrow.
Loading ...| Crude Oil Jan 09 | 46.68 | |
| Rbob Gasoline Jan | 1.03 |
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