Tag Archives: USO

Crude Oil: Congress Acts, Iran Hoards, RTX Soars

Posted on May 16, 2008 by BMWFan

The spike in the price of crude in May is having the anticipated effect of arousing the Congress in this election year. allergy bactrim Earlier this week, Congress passed a bill with veto-proof margins to suspend intakes into the Strategic … Continue reading →

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The New Peak Oil: Peak Demand

Posted on May 15, 2008 by BMWFan

Crude Oil rallied to a new intra-day high of $126.98 today, before pulling back to close the session close to $126/barrel. The trigger for the rally was a International Energy Agency report that the stockpiles of distillates in Europe were … Continue reading →

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Speculation: Stocks versus Commodities

Posted on May 9, 2008 by BMWFan

Oil surged above $126 today. Speculators are buying options on oil reaching even $150 in the next two weeks. The speculative fervor was fanned by a Goldman Sachs report that oil might spike to $150 or even $200 in the … Continue reading →

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Crude Oil: Free Markets meets Cartel

Posted on May 9, 2008 by BMWFan

Oil prices reached an all time high, reaching an intra-day high of $123.79 today. The weekly IEA report showed that crude oil and gasoline inventories had gone up significantly more than predicted. The crude oil inventory was up 5.65 million … Continue reading →

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