soonerhubs
9/8/2008, 12:08 PM
What's in it for these guys that they keep predicting high oil prices? I'd like some names of these evil people. :mad:
Courtesy of http://www.foxbusiness.com/story/markets/futures-jump-fannie-freddie-takeover/
(http://www.foxbusiness.com/story/markets/futures-jump-fannie-freddie-takeover/)
Commodities
In the commodities markets, oil was down 92 cents to $105.29 a barrel in New York. Crude traders are watching the movement of Hurricane Ike, which is currently passing over Cuba as a Category 2 storm. Forecasters at the National Weather Service have predicted that Ike could enter the Gulf of Mexico later this week.
Both ExxonMobil (XOM: 76.53, +0.91, +1.20%) and ConocoPhillips said Monday they have begun preparations to evacuate personnel from off-shore oil platforms in the Gulf because Ike.
Also related to crude, Goldman Sachs (GS: 166.19, +2.95, +1.80%) reemphasized its forecast for oil to remain at the $130-a-barrel for the fourth quarter this year. It also said it expects oil to be $140 a barrel through 2009.
Courtesy of http://www.foxbusiness.com/story/markets/futures-jump-fannie-freddie-takeover/
(http://www.foxbusiness.com/story/markets/futures-jump-fannie-freddie-takeover/)
Commodities
In the commodities markets, oil was down 92 cents to $105.29 a barrel in New York. Crude traders are watching the movement of Hurricane Ike, which is currently passing over Cuba as a Category 2 storm. Forecasters at the National Weather Service have predicted that Ike could enter the Gulf of Mexico later this week.
Both ExxonMobil (XOM: 76.53, +0.91, +1.20%) and ConocoPhillips said Monday they have begun preparations to evacuate personnel from off-shore oil platforms in the Gulf because Ike.
Also related to crude, Goldman Sachs (GS: 166.19, +2.95, +1.80%) reemphasized its forecast for oil to remain at the $130-a-barrel for the fourth quarter this year. It also said it expects oil to be $140 a barrel through 2009.