Comments on: Oil breaks out above 2009 high http://www.creditwritedowns.com/2009/08/oil-breaks-out-above-2009-high.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/08/oil-breaks-out-above-2009-high.html#comment-56907 Edward Harrison Mon, 24 Aug 2009 18:54:00 +0000 http://www.creditwritedowns.com/2009/08/oil-breaks-out-above-2009-high.html#comment-56907 The demand just hasn't picked up that much except to the degree prices are low. And energy stockpiles are pretty high. I see it as a dollar bearish/liquidity signal. The demand just hasn’t picked up that much except to the degree prices are low. And energy stockpiles are pretty high.

I see it as a dollar bearish/liquidity signal.

]]> By: aitrader http://www.creditwritedowns.com/2009/08/oil-breaks-out-above-2009-high.html#comment-56906 aitrader Mon, 24 Aug 2009 18:34:00 +0000 http://www.creditwritedowns.com/2009/08/oil-breaks-out-above-2009-high.html#comment-56906 <i>If you are worried about a double dip, this trend bears watching.</i> Badabam - pun intended? Or did you mean, "If you are worried about a double dip, this trend bears <i>bears</i> watching."..? :-) I agree with your view that oil is a trigger for many of the recessions from 1973 onwards. It certainly was, in my view, the trigger for the current downturn. A question I am pondering is whether the current oil price trend reflects a view of future dollar weakness or of increased demand? I am leaning toward the former as usage figures are still down roughly 8% from peak in the USA. If you are worried about a double dip, this trend bears watching.

Badabam – pun intended? Or did you mean, “If you are worried about a double dip, this trend bears bears watching.”..? :-)

I agree with your view that oil is a trigger for many of the recessions from 1973 onwards. It certainly was, in my view, the trigger for the current downturn.

A question I am pondering is whether the current oil price trend reflects a view of future dollar weakness or of increased demand? I am leaning toward the former as usage figures are still down roughly 8% from peak in the USA.

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