US Cash Products-Strong futures dampen trade, diffs
June 6th, 2008“Oil people are lost and confused,” said one Houston-based oil products broker, who cited high futures and lack of shipping on the Colonial Pipeline, …
Mushroom Clouds and Friday Night Fights
June 6th, 2008A staggering 8.5+ % upward move in oil (to a new record near 139) followed yesterday’s already historic gains in the commodity and it promptly translated into a 2% gain in gold, a 2.6% fall in the Dow, and a near .80% drop in the dollar
Some oil pundits see crude hitting $140 or more
June 6th, 2008, one of Wall Street’s biggest energy traders, was even more bullish, saying on Friday that crude may reach $150 by July 4 due to robust Asian demand and falling inventories. “The …