Are oil prices up or down? We’ve just learned that global traders have lost confidence in the reliability of some commodity trading exchanges and are doing their deals in non-U.S. centers. It’s very complex, so we’ll have to do some research. We’ll give you the full picture as soon as we find it ourselves.
Some weird things are happening and have happened. When Delta Airlines bought a refinery the news was in the air for a day and disappeared. We missed the greater significance of this move. We do know it fits in with the recent trading center changes.
Also, gasoline prices seem to be going down, but the declines are small. It seems that the media are getting ahead of themselves with their gushing praise.