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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (713882)11/17/2005 9:17:35 PM
From: Hope Praytochange  Respond to of 769670
 
kennyboycrudeoilspeculator: Oil prices dipped to close under yesterday's low despite calls for colder weather. January Crude (CLZ5) ends down $1,34 to close at $57,15/bbl at the close of the NYMEX pit session. EIA reported a nat gas number that was in line with expectations putting further pressure on gas and heating oil. A Chinese official said oil imports growth would slow next year and that speculators were driving up prices instead of genuine demand. The fact that colder weather is on its way is not making waves in the markets if we take into consideration that stockpiles are at historically extreme levels. Crude is trading at pre-summer peaks and the market is now expected to test $55 before consolidating. Weekly charts are showing possibility of a deeper correction to $51-52 area where it should meet with trendline support. Sell on intraday rallies, and size up further on a break below 55,90.



To: Kenneth E. Phillipps who wrote (713882)11/18/2005 6:04:36 AM
From: tonto  Respond to of 769670
 
House Republicans sweated out a victory on a major budget cut bill in the wee hours Friday, salvaging a major pillar of their agenda despite divisions within the party and nervousness among moderates that the vote could cost them in next year's elections.



To: Kenneth E. Phillipps who wrote (713882)11/18/2005 10:16:26 AM
From: TideGlider  Respond to of 769670
 
DJ OIL FUTURES:Crude In NY Falls About $1 Below $56 At Open

11/18/2005
Dow Jones News Services
(Copyright © 2005 Dow Jones & Company, Inc.)


(MORE TO FOLLOW) Dow Jones Newswires

11-18-05 1010ET

Copyright (c) 2005 Dow Jones & Company, Inc.

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