interesting that crude made this bounce on almost meaningless ecuador news, but of course it's friday and that adds to the move
also interesting that even t. boone pickens said he was watching Q4 demand very carefully, after the first indication the other day that demand is finally starting to soften in the face of high gas prices
from what i remember reading, the strategic oil reserves should be about full at this point as well, which will take some demand out of the system that has been present for months
remains to be seen if cramer picked the top, but i find it hard to argue with his taking some profits after the run oil and related stocks have had
like tsig, i thought he explained his decision very well, and contrary to the email you received, he wasn't talking about selling XEL, which is a utility, he said he was selling XEC, which is an independent oil |
