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Dec
Wrap – Week Ended 12/11/09
Tough week last week. Comments will be included in the Monday post.
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Dec
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13
Dec
Kuwait says quota change unlikely at Dec 22 meeting
http://finance.yahoo.com/news/Kuwait-oil-minister-OPEC-apf-698693029.html?x=0&sec=topStories&pos=2&asset=&ccode=
December 13th, 2009 at 12:29 pmOil off 1.11 tonight, pure chart and Asia being off. Dollar is actually down a touch. Crude is now at 68.75 with obvious support at $66. If there was any doubt about the comment above being true that’s out the window. If anything, OPEC could point to still weak demand from the U.S. and cut back on deliveries to shore up prices.
December 13th, 2009 at 10:34 pmXOM acquires XTO for $41 B. XOM finally does something in M&A:
http://finance.yahoo.com/news/Exxon-Mobil-Corporation-and-bw-3635308765.html?x=0&.v=1
December 14th, 2009 at 8:12 am