Re: Crude Oil (CLM16) .. next move?!

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In Response To: Re: Crude Oil (CLM16) .. next move?! ()

Jacko,
Expecting fireworks over this weekend due to meeting. I don't expect ANY new agreement to emerge other than the usual BS. Just in case, I'd stay out of this market until Monday to see where price settles.
Once again the inventory # was bearish this am - but crude moved back up - due to gasoline drawdown. It pays NOT to just watch crude inventories - just watch the gasoline #'s. Entering into the driving season - so if this continues - Oil could creep back up to $ 50.00!
Damn crude is still climbing..... but it certainly helps the Loonie up here.

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Re: Crude Oil (CLM16) .. next move?!

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