# The "Oil Prices" thread.

**URL:** <https://forums.speedlife.net/t/the-oil-prices-thread/44739>\
**Category:** NYSpeed Off Topic\
**Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\
**Posts on this page:** 1\
**Showing post:** 1177

<div class="post-metadata">

**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [August 21, 2008, 6:19am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1177 "2008-08-21T06:19:58Z")

</div>

It’s going to climb some preceding the OPEC meeting in early September. Then when they meet and say they’re not cutting production (which is likely what they’ll do) it will give up any of the gains it made and then some.

I wouldn’t be surprised to see it give up some of the last two days gains today even. I don’t think they can continue to ignore the fact that US crude supplies were up 9.4 million barrels when they were only expected to be up 1.7. Yes, gas supplies were down, but we’re not talking about the price of gas, we’re talking about the price of oil.

---

_[View the full topic](https://forums.speedlife.net/t/the-oil-prices-thread/44739)._