On Wed, 23 Jan 2008 20:35:24 -0500, Wayne.B
wrote:

On Wed, 23 Jan 2008 17:13:03 GMT, Short Wave Sportfishing
wrote:

When you can move the price of a barrel of oil up $2. because of fog
in the Houston Shipping Channel or $2 because of a backlog at the
LOOP, that's pure speculation moving the market up - not fundamentals.

It's an expectation of a possible change in the fundamentals.

Depends on what your metric of fundamentals is.

Delay of shipments for 8 hours is not a earth shattering fundamental
change in the supply or the demand that's worthy of a 5% change in
price.