PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (711250)	11/8/2005 8:41:40 AM
From: Hope Praytochange	Read Replies (1) of 769670

kennyboysnakeoiltrader: Crude fell yesterday due to warmer weather in the US. December WTI crude traded $58.60 low, before settling around the $59.50 level. The weather forecast continue to show above normal temperatures, which could become bearish for the crude prices. Short term outlook could show a little more to the downside, as the weather remain the most significant indicator at the moment. However as soon as the winter hits the US, we could again see added pressure on the oil prices - therefore the medium outlook remain bullish. The inventory numbers coming out tomorrow is expected to show a build in inventories.

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