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Strategies & Market Trends : Befriend the Trend Trading

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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From: Dr. Stoxx	10/4/2005 8:08:23 AM
	of 39683

07:51 Crude Oil Falls to One-Week Low on Signs Supplies Are Adequate -- Bloomberg.com Crude oil fell to its lowest in more than a week on signs high prices were curtailing fuel use and supplies would meet demand when it peaks this quarter. "We have a feeling we will see a huge excess of crude for the rest of the year,'' said Frederic Lasserre, the head of commodities research at Societe Generale SA in Paris. "Because of the price increase in the U.S., demand should show a clear slowdown. ''Crude could drop to $55 a barrel in New York by December, he said. Crude oil for November delivery fell as much as 91 cents, or 1.4%, to $64.56/bbl, its lowest since Sep 26. It was down 77 cents at 10:57 a.m. London time. Oil has retreated 8.7% from a record $70.85 on Aug. 30.

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