December 2, 200421 yr Author Crude is plunging again today. http://cbs.marketwatch.com/news/story.asp?...teid=mktw&dist= Intraday oil is down $7 in two days
December 2, 200421 yr Crude is plunging again today. http://cbs.marketwatch.com/news/story.asp?...teid=mktw&dist= Intraday oil is down $7 in two days I know the inventory reports showed higher then expected inventories. What else is causing it? Watch oil be $65 like they thought about the time the Iraqi elections are held. :puke
December 2, 200421 yr Author I know the inventory reports showed higher then expected inventories. What else is causing it? Watch oil be $65 like they thought about the time the Iraqi elections are held. :puke A lot of it is profit taking, and the realization that all of the "fears" aka speculation that drove the price in the first place, just isn't there. In reality, crude still should be at about $35ish a barrel, even with terror and supply fears factored in.
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