The markets are saying
"Give Greece a chance"
"Give Greece a chance"
My apologies to the Beatles for that one!
You're all going to hate me this week, I think!
You're all going to hate me this week, I think!
In what must be a remarkable turnaround in the markets this week, the European Union has approved the final installment in funding for Greece's own bailout after the Greek parliament approved austerity programming by a narrow margin.
That, and the fact that Saudi Arabia may not increase production after the United States and other western nations began a timed release of oil from strategic reserves around the world to replace lost Libyan production, has resulted in a rebound for oil prices and prices for oil's refined commodities.
Here's what I have so far, with five days out of a possible seven, in place for this Thursday's price change:
That, and the fact that Saudi Arabia may not increase production after the United States and other western nations began a timed release of oil from strategic reserves around the world to replace lost Libyan production, has resulted in a rebound for oil prices and prices for oil's refined commodities.
Here's what I have so far, with five days out of a possible seven, in place for this Thursday's price change:
- Heating and stove oils show an increase of 2.05 cents a litre.
- Diesel shows an added 2.1 cents so far, and...
- Gasoline is up by 4.4 cents a litre.
Oh well!...
Needless to say, with the markets closed on Monday, I don't expect much change to the numbers for Tuesday trading, which is the last day to track right now.
Look for numbers close to this on Tuesday evening's post.
Regards,
George
Needless to say, with the markets closed on Monday, I don't expect much change to the numbers for Tuesday trading, which is the last day to track right now.
Look for numbers close to this on Tuesday evening's post.
Regards,
George
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