MM wrote:
BoilerJuice is quoting 52.13 pence per litre for 500 litres as of
10:21 am on 22/Jun/12.

This is the lowest I've recorded since 31/Jan/2011.

Is it going to fall further?


yes, for about two months.

Reasons are a mixture of political and financial...worldwide demand is
down due to recession and japan restarting its reactors later this year,
and the speculators have started to go short rather than long.

Also Saudi Arabia is in an interesting position which is so complex I
cant really understand it myself.

Suggest you subscribe to the FT and read it up yourself.


MM


--
To people who know nothing, anything is possible.
To people who know too much, it is a sad fact
that they know how little is really possible -
and how hard it is to achieve it.