Archive for May 29th, 2007


29
May

Wednesday – Inventories Tomorrow But Let’s Get Focused Today

Crude Oil Was Bailed Out of a Steep Dive Just Prior To The End Of Trading To Close Just Above $63… Blame the dive ($2.05 shaved off the July contract to end at $63.15) on uncommonly civil global behavior: in Nigeria as the uniions called off their strike, presidential power was peacefully handed over (so […]


29
May

Tuesday – A Few Words About Gasoline & Refiners

Commodities Trading Off A Bit This Morning On The “Resolution” of the Nigerian Oil Workers Strike. I put no faith in the fact that anything was resolved. The people are oppressed, get little to nothing in the way of services from their government and wait in multi-hour long lines to buy gasoline (when it is […]

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