PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: bentway who wrote (688096)	6/28/2005 9:35:56 PM
From: Hope Praytochange	Read Replies (1) of 769670

Published: Jun. 28 2005, 22:28 GMT Crude plunges on profit taking ahead of tomorrow's inventories Metals and Treasuries declined following the dollars gain on consumer confidence figures. -------------------------------------------------------------------------------- Energies Crude fell more than $2 on speculation supplies increased. Tomorrow's DOE figures are expected to show that distillates increased 1,5 million barrels last week. Oil prices broke beyond $60 earlier on speculation that refineries might not meet 4th quarter demand. The August contract dipped $2,34 to $58,20/bbl on NYMEX as the market failed to maintain prices above $60. Brent slipped $2,12 to $57,18/bbl on IPE. OPEC is pumping at record levels in an effort to help inventories rise to meet demand in the fourth quarter. Bulls will likely take control after tomorrow's figures so look to establish long positions on dips.

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