Syria is seeing growing protests today, along with Yemen and Bahrain. Markets remain nervous that he protests will spread to Saudi Arabia in a major way… Front-month crude is up $1.17 to 103.50. All else being equal, rising oil tends … Continue reading
Latest from AEP at The Telegraph.
That’s a good idea…eat the seed corn because dinner is delayed a half-hour…morons. UPDATE: Sen Schumer also wants to use the petroleum reserve to cap gasoline prices.
Up 200,000 bps from January Lowers 2011 oil demand growth forecast slightly by 10,000 bpd to 1.44 mln bpd OECD oil stocks rose to 58.2 days of forward demand cover in January from 57.4 days in December Maintains 2011 forecast … Continue reading
Gee, I wonder why?
Oil rising, now at $102.00. Government had warned it would not allow protests…
Stops below $1410 taken out… Oil is on a $100 handle…Day of Rage my arse! The dollar is rising as commodities give ground; AUD teeters around 1.00. Traders report hedge fund selling of USD/JPY now…around 83.00.
I guess the market is coming to the conclusion that there won’t be all that much rage in Saudi Arabia… We’re down in the $101.40s… Should be relatively dollar supportive…