Oilcast #26: Who sold Exxon? Who is selling crude? And why?

Friday, October 21 2005 @ 06:04 AM EDT

Contributed by: Oilcasters

Why is oil being sold off? The long anticipated fourth quarter of 2005 is here and a record strength hurricane sits in the Gulf of Mexico. Yet prices still fall.
Plus, who sold $1.4 billion of Exxon Mobil shares this week? Who is saying the Gulf recovery could take "years" and what will happen to the oil price if a cold winter hits oil-hungry nations?
Oilcast chats with Bruce Evers of Investec Bank in London as we discuss these subjects and many more...

Listen here (MP3 file, 6.0 MB)