October 11-13
SHIFTING — The downswing of the roller coaster may just have ended and the upswing may be on the way, as seen in the daily price chart (above). But as the more important monthly price chart (below) shows, the swing is in a fairly narrow range. It’s been between $100 and $109 a barrel for eight months now. That price is enough to satisfy the Arab producers and Iran—and the big international firms that are spending a fortune to bring new oil on line in Canada and the US.
