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Gold/Mining/Energy : Best Free Websites to Research Mining & Oil Company Stocks

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From: barbara236/5/2008 4:27:33 PM
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Hi guys! I'm having myself a good time trading Oil and Gold. I guess my newest strategy is bearing fruit ;)

Yesterday saw a sigh of relief for many economies when oil slipped on signs global demand for gasoline may be slowing and increasing inventories. This news was aptly explained by Gerard Burg, an energy economist with National Australia Bank Ltd in Melbourne said: "The report demonstrated that there are weaker conditions in the U.S. and that people are changing their patterns of fuel usage. Given that most of the growth that was forecast is in regions that subsidize fuel use, the impact of higher prices is starting to limit demand.''

The US Energy Information Administration said gas supplies rose by 2.9million barrels compared to 900,000 barrels estimated by economists.

US light crude for July delivery fell $2.01 or 1.6% to settle at $122.30 a barrel on the New York Mercantile Exchange.

By the way, today is my birthday, dont forget to say 'happy birthday', ok? :D
Cheers!

Barbie

Source:
gnutrade.com
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