"History is a wonderful thing, if only it was true"
-Tolstoy

Thursday, August 10, 2006

Ongoing on Oil prices

I tried to post a chart of Oil Futures, but it got to large.
Yesterday, despite, seemingly all day coverage on CNBC of Prudhoe Bay and oil prices, the Dec futures closed on the low for the day. I'm following Dec just as it has some time left and starting to get some volume.

Well, overnight we have the airline bombing plot foiled
NYTimes : "LONDON, Aug. 10 — British authorities said today that they had thwarted a terrorist plot to blow up multiple airliners traveling between Britain and the United States and cause “mass murder on an unimaginable scale.”
No link ... yet.

Today oil heads lower.
Chart here : iFS | Interactive Charts

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