13
Dec

Wrap – Week Ended 12/11/09

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Tough week last week. Comments will be included in the Monday post.

 

3 Responses to “Wrap – Week Ended 12/11/09”

  1. 1
    zman Says:

    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=

  2. 2
    zman Says:

    Oil 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.

  3. 3
    zman Says:

    XOM 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

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