Last year Ivan the Terrible now Dennis the Menace

20050707 Now they call the new hurricane Dennis. So the media can hype it's effect on oil supplies as caused by 'Dennis the Menace' Last year the hype was 'Ivan the Terrible'. I seem to recall a few others lst year, just as terrible but with feminine names but no mention to them now?? Draw whatever conclusion you want from this but to me Crude Oil prices are driven by speculators and not fundamentals.

There is supply demand imbalance when long ques of cars start forming at petrol and gas stations. I don't see any of that here where I live. Anyone else see that phenomenon, which is the actual supply imbalance. Give us the situation in the comments section where you live.

Crude Oil futures chart