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Reply #19: oil is up this morning (again) [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-16-04 09:10 AM
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19. oil is up this morning (again)
10:01am 08/16/04

SEPT CRUDE UP 17C AT $46.75/BRL IN EARLY NY TRADE

the news stories have definitely been waffling on that one - on Friday they were predicting higher prices if Chavez beat the recall because the oil workers in Venezuela would "strike" - then this morning they were saying that because Chavez beat the recall that oil prices would stabilize - now there's a story about the oil fields in Iraq being threatened and one of Yukos' shippers is going to cease shipping because Yukos is about to file bankruptcy.

hmmmmm....

hard to get a handle on the spin flying around
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