Oil falls to $113 in Asia on stronger dollar

[ktgtrader]

Oil falls to $113 in Asia on stronger dollar
Tuesday August 12, 6:32 am ET
By Alex Kennedy, Associated Press Writer
Oil falls to $113 in Asia on stronger dollar, concerns over weakening demand from China

SINGAPORE (AP) -- Oil prices fell Tuesday in Asia to a 3-month low...

www.theoddlot.net

 

[CollegeTrader33]

I wonder where all of the "$200/gal" Oil People went?

 

[ktgtrader]

They are now screaming "The commodity trade is dead, the commodity trade is dead" Buy financials. Next week. "Financials are doomed buy Ag." Rinse and Repeat.


www.theoddlot.net

 

[Daal]

Quote from CollegeTrader33:

I wonder where all of the "$200/gal" Oil People went?

most of the $200 oil people made forecasts for 2010 and on

 

[RiceRocket]

This is the end of the downside move in crude. There is plenty of accumulation going on in the past week.