"Crude Oil Plunges After Report of Larger Than Expected U.S. Supply Gains"
Oil futures tumbled after a U.S. government report showed a bigger-than-expected increase in supplies of crude oil, gasoline and distillate fuel....Complete Story
"Gas Crisis Freezes Economies in Balkans, Turkey"
Russian halted natural gas deliveries to Europe via Ukraine Wednesday amid freezing winter temperatures, escalating a dispute with the government in Kiev over the pricing and alleged theft of gas from the transit pipeline....Complete Story
"Petrobras-Led Consortium Gets Go-Ahead to Drill BCAM-40 Prospects"
Norse Energy, in partnership with Petrobras (Operator), Queiroz Galvao Oil & Gas and Brasoil, announce that the consortium has received the environmental licenses for the drilling of the BCAM-40 exploration prospects....Complete Story
2 comments:
Hi Ray, This is Sal from SalvadorLara.com
how'd you like the Oil move today?
do you trad USO options as well?
Today is what I love about trading crude. And we were on the sidelines today. We had sold our DXO position at $3.64 so we left a little on the table as I think it reached $3.68. I am probably going to stay on the sidelines until Friday at the close and take our next position there. We have shorted the market "big" with BGZ going into Friday, the bad news day and I'll assess my crude trade then. Of course that could change, that's why it is called day trading.
These days virtually all of my crude trading is done with the DXO. I'll short with DTO, it is just hard to get your bid with as thin as it trades so we are careful. USO options are a big part of our research though.
Good luck this week, what a great market this is right now!
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