CL Redux
- Thread starter schizo
- Start date
anything special about that 72.75 area? Why so much support?
72.85 is my POC in last week Market Profile.
Another crook talking his book:
<i>Libya's top oil official said Tuesday oil should be priced around $100 a barrel to counteract the recent surge in global wheat prices, which is having an adverse financial impact on Organization for Petroleum Exporting Countries, or OPEC.
"Because of what happened now in the food and wheat market with very high prices, that has made our income less, and since all OPEC countries are dependent on importing food from outside the food bill has increased very much," Shokri Ghanem, chairman of Libya's National Oil Corp., told Dow Jones Newswires. </i>
http://online.wsj.com/article/SB10001424052748704358904575477333805710398.html?mod=googlenews_wsj
<i>Libya's top oil official said Tuesday oil should be priced around $100 a barrel to counteract the recent surge in global wheat prices, which is having an adverse financial impact on Organization for Petroleum Exporting Countries, or OPEC.
"Because of what happened now in the food and wheat market with very high prices, that has made our income less, and since all OPEC countries are dependent on importing food from outside the food bill has increased very much," Shokri Ghanem, chairman of Libya's National Oil Corp., told Dow Jones Newswires. </i>
http://online.wsj.com/article/SB10001424052748704358904575477333805710398.html?mod=googlenews_wsj
Thank you mexico adding to short 73.85. made time to buy oil svcs co's. If shit is getting old maybe there will be a replacment cycle coming.