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Somebody's a little off here.

Posted on May 21, 2008

I'd guess the guy in the middle.Bloomberg: Oil Rises Above $134 on U.S. Supply Drop, Bank Price Forecasts.Quote: What we have here is a situation where essentially higher prices aren't generating any more supply,'' Paul Sankey, an analyst at Deutsche Bank Securities in New York said in an interview with Bloomberg radio. What we have to do is keep pricing the commodity higher until demand starts falling,'' which is around $150 a barrel.''....The price of oil should be somewhere between $35 and $65 a barrel,'' John Hofmeister, president of Shell Oil Co., the Houston-based subsidiary of Ro...

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commodity , futures , oil , oil futures