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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 675.02+0.9%Nov 25 4:00 PM EST

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To: Zeev Hed who wrote (59325)9/25/2000 3:11:15 AM
From: Mama Bear  Read Replies (1) of 99985
 
"That is what the strategic reserve is for, buy at $10/barrel and sell at $30.

Zeev, the average price paid per barrel is $27.14. I don't know if this includes storage costs of ~$1.50 per barrel.

fe.doe.gov

We'll see soon enough if this has anything more than a psychological impact, as I understand refineries are at capacity.

Regards,

Barb
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