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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: gparker940 who wrote (6158)3/8/2005 8:14:26 PM
From: Vendit™  Respond to of 8752
 
gparker940

Thanks for the reply and welcome to the thread.

Syria is a small oil producing nation compared to other OPEC producers and the U.S. had not been buying oil from IRAQ since George #1 chased Sadam out of Kuwait.

The chart that Terry posted shows a one year time frame. How long did Bush's speech last?

<g>



To: gparker940 who wrote (6158)3/9/2005 1:02:38 AM
From: Walkingshadow  Respond to of 8752
 
What did Bush say about Iran and Syria that the oil markets would consider relevant to the future price of oil?

Or was this just coincidence? Today's spike was not particularly remarkable, and actually much smaller than other sessions, as you can see from looking at the size of the candles on the chart below. The oil futures have been on a tear for months now---up more than 80% from a year ago:

futuresource.com

TIA,

T


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